Stakeholder Pensions Guide

Scottish Life Stakeholder Pension

Stakeholder Pensions Guide

Introduction to Stakeholder Pensions Stakeholder pensions became available on 6 April 2001. By 8 October 2001, if you employ five or more employees, you will be required by law to offer a stakeholder pension, or recognised alternative pension scheme, to your staff. The Government introduced stakeholder pensions as a simple, flexible and affordable way for people in employment to save for their retirement. However, the onus falls on employers to manage the schemes, with heavy penalties for those who fail to comply with the new legislation. Whilst there is no denying the benefits of helping our employees with their pension planning, there is no doubt that the new stakeholder legislation adds a further regulatory burden to the already overloaded shoulders of SMEs. is4profit aims to lighten yo... »