Group Pensions

What Are Group Pensions?

Group pensions are collection of individual personal pensions that are arranged by an employer.

The employer is responsible for the collection of the employee contributions, usually monthly through payroll, to the pension fund. The employer will then pay these employee contributions to the pension provider on behalf of the group of employees.

Group pensions could include:

  • Group Personal Pension
  • Company Pension (Money Purchase or Final Salary Pension)
  • Executive Pension Scheme (EPP)
  • NEST (National Employment Savings Trust)
  • Stakeholder Pension Scheme
Companies may need to set up a Group Pension for their employees in order to comply with auto-enrolment legislation.

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