Group Pensions, Stakeholder Pensions

Group personal pensions or stakeholder pensions are setup by the employer for the benefit of the employees. The employer arranges for an insurance company or other provider to set up a group scheme.

How does this affect the employee?

Each employee who joins the scheme has his / her own plan and will have control over the investment choice, the amount of contributions they make into the plan, and can decide when they want to take the benefits, as long as they fall within the scheme rules and present legislation.

What does the employer need to do?

The employer will also usually make a contribution into the plan.

The employer has the right to set conditions for membership, these often include:

  1. Minimum contributions for each member
  2. Minimum period of employment
  3. Minimum income levels.

As an employer what help do I need?

You will need help to set up a group personal pension scheme, this is where we come in.

Please call Jan on 01706 830678 for advice, or use our enquiry form.