Pensions have seen massive changes in recent years: yet one thing remains constant

The world of pensions has evolved in the last decade, driven by the desire to provide the consumer with a flexible, tax efficient and cost effective method of funding retirement. But the one thing that has remained throughout is the ever increasing need for individuals, with support from their employers, to plan for their retirement.

Gone are the days when the average working life finished on an individual’s 60th or 65th  birthday, when his or her lifestyle changed from a 40 hour week one day to being fully retired the next. This has been exacerbated by the closure of defined benefit pension scheme and the gap between pre-retirement income and state pension income.

The current pension proposals include the introduction of NEST (National Employment Savings Trust) for all employees and changes to the State pension. These changes will have a huge impact on employers and employees alike.

This website is designed to provide information to employers, employees, pension trustees and self-employed individuals on these changes.

Pensions have seen massive changes in recent years, yet one thing remains constant...

The world of pensions has evolved in the last decade, driven by the desire to provide the consumer with a flexible, tax efficient and cost effective method of funding retirement. One thing that has remained throughout is the ever increasing need for individuals, with support from their employers, to plan for their retirement.

Gone are the days when the average working life finished on an individuals 65th birthday, when the lifestyle changed from a 40 hour week one day to being fully retired the next. This has been aided by the closure of defined benefit pension scheme and the gap between pre retirement income and state pension income.

The current pension proposals include the introduction of NEST (National Employment Savings Trust) for all employees and changes to the State pension. These changes will have a huge impact on employers and employees alike.

This website is designed to provide information to employers, employees, pension trustees and self-employed individuals on these changes and a link to highly qualified independent pension advisers who can provide advice to employers and employees on the effect of NEST on their company and / or on their current pension scheme (if applicable).

 

 

Possible options

There are a number of options available for employers and employees, including:

  • What will be the impact of the Pensions reform and the introduction of nest?

  • Can I or my business 'Opt out' of nest?

  • How much will employers and employees pay in to nest?

  • Will employees be automatically enrolled in nest or are alternatives available?

  • Can I continue my existing Company Pension scheme?

  • What can I do with any frozen/preserved pensions?

  • When will I get my State Pension?

COMPANY PENSIONS LIMITED Company No. 07085453. Registered office 104 GROVE PARK, KNUTSFORD, CHESHIRE, WA16 8QB, UK 

 Telephone: +44 (0)1565 649491     Mobile: +44 (0)7804 796902