Employers are required to provide details of any pension arrangements or schemes that are applicable to the employee in the Written Statement of Employment Particulars, and, if there are no such arrangements state that. Employers who have 5 or more employees must provide their employees with access to a Stakeholder Pension Scheme. Guidance for employers on pension arrangements including Stakeholder Pensions is available from the link below.
Employers - Pensions
From 1 October 2012 large employers must automatically enrol certain members of their workforce into a pension scheme and will need to make a contribution towards it. This will apply to small and medium-sized businesses following in stages from spring 2013.
Even if an employer already offers pension arrangements for their workers, they still have some new obligations to meet.
The main things that an employer must do are:
- provide a qualifying scheme for workers
- automatically enrol all eligible jobholders onto the scheme
- pay employer contribution for eligible jobholders to the scheme
- tell all eligible jobholders that they have been automatically enrolled and that they have the right to opt out if they want to do so
- register with the Pension Regulator and give them details of the qualifying scheme and the number of people that have automatically enrolled.
Read more at The PensionRegulator