Corporate Pensions
Retirement planning has increasingly become one of the most complex and sometimes, controversial areas of financial planning.
Despite the introduction of the Government’s ‘simplification’ legislation in April 2006, for many employers, this still remains an area surrounded by mystery and confusion.
- Exactly what are an employer’s obligations as far the provision of retirement pensions for employees is concerned?
- What liabilities does the employer take on when introducing a suitable scheme for employees?
- Do existing schemes comply with current rules and regulations?
These questions, the possibility of future compulsion regarding employee and employer contributions and yet further changes to the State pension provisions, make it essential for employer’s to seek independent advice in this area.
We recognise that each business is unique with its own specific needs.
Ideally, an employers pension scheme should satisfy the requirements of all staff, both young and old. Of equal importance of course, are the requirements of the employer, both in terms of administration costs and the extent of the legal obligations that the employer is prepared to accept in respect of a suitable scheme.
Whether you have concerns about an existing scheme, or whether you are considering the introduction of a new scheme for your employees, please contact us for a free initial consultation.
