Q: How do we go about setting up staff pensions?
Mar 23 2010
Answered by: Peter Done Ask a question
Unless you have already done the research into the different schemes that are available and have decided which you wish to use, you will need to speak to a financial adviser.
Discuss with them what different pension scheme options there are and determine which best meets what you want to provide. Once you have decided on a scheme they will help you make arrangements with the pension provider to set it up.
After that all you need to do is let your staff know that you have set up the scheme and give them the option to join it. Your financial adviser may be willing to speak to staff individually to go through their options or, alternatively the pension provider may arrange for someone to attend and discuss the scheme with the staff directly.
For more information visit The Pensions Advisory Service website.
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