Stakeholder Pensions

Stakeholder schemes were introduced by the Government to encourage people with moderate earnings to save for their retirement. They are intended to be cost-effective, flexible and accessible to all.

Unless you already have a pension scheme which all your employees are entitled to join, you will almost certainly have to arrange for them to have access to a stakeholder scheme.

This briefing explains what stakeholder schemes are and how they will affect you as an employer. It covers:

• Whether you are obliged to offer access to a stakeholder scheme.
• Which employees you must offer access to a scheme.
• What is involved.
• Where to get help.