Pensions

Employee Benefits - Occupational pension

An occupational pension scheme is retirement savings plan provided by an employer for its employees. The defined benefit plan (final salary) used to be the most popular scheme on offer, but now stakeholder, group personal pension, group self invested personal pension, and money purchase (all defined contribution schemes) are becoming more popular; while there is some interest in career average and hybrid pension arrangements. Starting in 2012 UK employers will have to auto enrol all staff into a pension arrangement, or use National Employment Savings Trust (Nest).

Definition of common pension terms

Buyer’s guidesWhat employers should know about the pension reforms

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Case Studies

Case study: Existing DC pension scheme is fine at Thomas Miller

Thomas Miller, a boutique insurance business that manages other insurers, runs a defined contribution (DC) scheme with 340 active and 185 deferred members.

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03 Jan Case study: First Group stays on schedule for pension reforms

31 Oct Case study: Metal Assemblies steels workers for pension reforms

30 Aug Case study: Universal in tune with changes

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