Pension Advice for Employers

The majority of employers in the UK are required by law to set up an occupational pension scheme for their employees in order to help them to save for their retirement. Over the last few years, there has been an increased effort by the government to ensure that people are independent and protected in retirement. To meet this goal, employers have been asked to encourage their employees to plan and save for their retirement by providing contributions, access and information to pensions. However, not all employers are obliged to provide a pension scheme, but can simply provide access to one run by a third party.