An occupational pension scheme is a retirement savings plan provided by an employer for its employees. The most common plan is the group personal pension (GPP), while other ‘contract-based’ ‘defined contribution’ schemes are the stakeholder and group self invested personal pension (Sipp). Pensions run by a trustee board are the money purchase defined contribution scheme and the once-popular defined benefit plan (such as final salary).
Christmas strikes averted.
Autumn Statement 2013: To 68 by mid-2030s and 69 by late-2040s.
Autumn Statement 2013: Changes are from April 2014.
EXCLUSIVE: Only 52 staff have opted out.
Charges, defined ambition and money purchase schemes covered.
GPPs are a popular choice among employers.
Online tools can help employees calculate whether their retirement income will meet their needs.
Auto-enrolment brings challenges to the DC market.
Both have pros and cons for employers.
Employers must be aware of changing legislation.
An insight into what contract-based plans have to offer.
The auto-enrolment minimum will be sufficient for some employees.
Of its 700 employees, about 93% are in the default fund.
Online modelling tools and communication campaigns have been used to help staff understand their pensions.
Why the arguments of the big beasts sound convincing
Industry opinion is divided.
Gender inequality and insufficient provision under the spotlight.