Group personal pensions are a type of defined contribution pension which some employers offer to their workers as an employee benefit.
As with other types of defined contribution schemes, members in a group pension scheme build up a personal pension pot, which they then take at retirement. Employers will usually make regular contributions on behalf of their employees, who can also contribute themselves.
As an employer, providing a group personal pension scheme is a valuable way of attracting and retaining high calibre staff, but managing such schemes can be complex. At Sheldon Flanders we can guide you through the process, helping you choose the most appropriate provider, set up efficient administration, and keep your scheme compliant with current pension regulations.
