Personal Accounts
What do the changes to pensions in 2012 mean for you and your company?
The Pensions Act 2008 will affect all employers and will mean that they will have to review their pension arrangements provided for their employees by 2012.A Personal Account will be a workplace pension intended to complement existing workplace pension provision. The Personal Accounts scheme will be a trust-based occupational pension scheme and will be one of the automatic enrolment schemes under the Government’s reforms. They will be regulated by the Pensions Regulator and open to any employer that wants to use it.
It is very important that you don't wait until 2012 to review your pension planning. For advice on the best schemes available to you and your company, please contact our Corporate Services team on 01202 446440.
