Learn about the UK law surrounding workplace pensions and how to choose new schemes or review existing pension arrangements
Since automatic enrolment, for most employers the decision regarding workplace pensions comes down to how much should be contributed. Workplace pensions need to be reviewed regularly in line with an ever-changing body of legislation and to check they're delivering value for money. Organisations should invest in effective employee communication and guidance, not only to meet legal requirements and ensure staff understand their pension and retirement options and the decisions they need to make, but also to raise awareness of the value of the benefit on offer.
This factsheet looks at the different kinds of workplace pension and the UK legislation governing them. It addresses strategic issues with a series of questions and reflections to use when reviewing current arrangements.
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