Company Pension Law
Negotiating the complex field of company pension law can be daunting, but with the right advice you can ensure that your company is fully compliant.
Company pension law states that all employers with five or more
employees must already offer some kind of work based pension
scheme. Employer obligations may vary according to the type of
pension scheme offered. This will soon change.
Many employers may be concerned by coming changes to pension law
from 2012, which will include the introduction of:
- Auto-enrolment
- Compulsory company pension contributions
The new laws will be phased in across several years from 2012 onwards, when the changes apply to you will depend on the size of your company.
You must ensure that any company pension scheme is fully compliant with the law. Company pension law is complex, and different companies are affected in different ways; speak to a company pension advisor for advice on how company pension law may affect your business. To discuss how your company can deal with coming changes to pension law, or if you'd like to set up a pension scheme for your employees, we recommend that you speak to an independent company pension advisor for impartial advice.
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