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Group Personal Pension Schemes
Have you got a scheme in place? If the answer is yes, when was the last time it was reviewed? For a wide range of reasons such as the low state pension, people living longer and the general lack of saving in society, the government has decided to tackle the low level of provision for retirement through pension reform. Legislation will take effect from 2012, requiring all businesses with employees to offer either the government’s National Employment Saving’s Trust (Nest) or a private pension scheme. Now is the time for businesses to review their options for employee pension planning going forward. There are many issues for employers and employees to take into account when deciding on a group pension scheme, professional advice is a must. Act now before a government led initiative is imposed upon your business. |