Introduction

Everybody should ensure they make adequate provision for their retirement. This is typically done with a pension.

If you employ five or more people and do not provide a company pension scheme, you probably have to offer your employees access to a stakeholder pension scheme.

This guide will help you understand more about choosing a pension scheme. It examines the various types of scheme including occupational, personal and stakeholder schemes as well as those plans designed for executives and directors. It will discuss the comparative benefits to the employer and employee of each and advise you on how to choose a pension provider.

Pension legislation and regulation is complicated so it may be worthwhile obtaining professional advice.

Subjects covered in this guide

• Introduction
• Benefits of having a workplace-based pension scheme
• Choosing an occupational pension scheme
• Choosing a group personal pension
• Choosing a stakeholder pension scheme
• Approved pension schemes for directors and owners
• Unapproved pension schemes for directors and owners
• Comparison of pension schemes
• Organisations that advise on pensions schemes
• Considerations when choosing a pension scheme
• Here’s how I selected the best company pension scheme for my business