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Company pensions
Providing your employees with access to a pension scheme is currently compulsory if you employ five people or more, with heavy financial penalties if you don't.
However from 2012 'Personal Accounts' will be introduced by the govenrment meaning that employers will need to automatically enrol all their staff in a pension scheme and pay a contribution of at least 3% by 2014.
Apart from the legal requirement however, providing your staff the means to plan for their future can be a great way to enhance your offering to them, and help you keep your best people.
It doesn’t need to be complicated or costly - for most SME’s a Group Stakeholder is the most suitable and they can be easily integrated into your payroll systems.
