Pensions and Retirement Obligations

Pensions

Whilst employers are not legally obliged to provide a pension plan for their employees, if they do provide a scheme there are various rules which govern its operation. There are many legal requirements connected with the running of an occupational pension schemes relating to such matters as informing and consulting employees about significant changes and the promotion of stakeholder or group personal pension scheme to employees.

From 1st October 2012, the automatic enrolment of employees in pension schemes (auto-enrolment) is being phased in. This essentially requires all employers to enrol their workers into a qualifying workplace scheme if they are not already in one.
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