Employers faced with the burden of implementing an auto-enrolment scheme for their employees will welcome the change in stance by the Department of Work and Pensions (DWP). This now means that employers will have more time to notify their employees about a waiting period and their right to opt in to the company scheme. …
Month: February 2012
Improving transfers and growing big fat pension pots
Transferring a company pension from an ex-employer to a new arrangement has never been the easiest of tasks. Normally the pension provider, on behalf of the company, issues a ‘leaver pack’ written in pensions technical ‘jargon’ that more often than not is filed away until retirement. It is no wonder workers have built up a string…
Planning to down tools now?
Retirement is often considered the holiday of a lifetime or the chance to rest and rewind after a busy career. The State provides only a meagre pension and so the pension plans and company schemes you have been paying in to for many years should provide for the little extras when you retire. If you…