Home Employers Regulatory

Stakeholder
Flexible Benefits Total Reward Statement Handbook Group Protection Benefits for Beginners! Salary Sacrifice Group Personal Pension Stakeholder Group SIPPs Final Salary Review Money Purchase Review Group Scheme Admin Financial Clinics

 

 

Up

 Group Stakeholder Pension                    Please Click to Enquire

What is a Stakeholder?

 

  • Stakeholder pensions were introduced by the government a few years ago to encourage pension planning

    • Generally they offer a much more restricted fund choice than GPPs

    • Often they are more highly charged than GPPs

    • But, they have their uses in some circumstances, and your company may have a legal obligation to offer one to staff

  • A Stakeholder can charge an annual management charge of 1.5% for the first ten years, then reduce to 1%

    • GPPs with an amc of 1% or less are available from us, but we also offer low-charged Stakeholders

    • So the charges of both products can be low

  • If you have 5 or more staff you are obliged to offer a Stakeholder pension to staff (unless you are exempt)

    • You have no obligation to pay into it though

  • If you have a qualifying pension scheme in place you do not need to offer a Stakeholder

  • If you have a GPP which you offer to pay 3% or more of base salary into within 3 months of joining you don't need a Stakeholder

    • The 3% company contribution can be set up to require a matching employee contribution, and you still are exempt

    • So most companies with a GPP are Stakeholder exempt

  • If you are not exempt you have to put in a Stakeholder for staff

  • This could be as well as a main company pension scheme, or just for staff who don't qualify for the main pension scheme

  • Don't worry if it sounds complicated, we will explain it and sort things out for you

  • Pension rules are horribly complex; you don't need to understand them as we do!

 

Have you already got a Company Stakeholder?

 

  • Does it have a low charging structure?

    • Our Stakeholders feature an amc (annual management charge) of 1% or less

      • Many are set up with an amc of 1.5% for the first ten years!

  • Do all members have secure internet access to a customised website that shows all the details of their pension?

  • Is Salary Sacrifice set-up to provide the maximum tax efficiency?

  • If fund performance good?

  • Are you staff individually advised as to fund choice, how the scheme works and to answer all their queries?

  • Do you have an Employee Benefits Handbook explaining the pension and benefits schemes provided to all staff?

  • If you currently have a Group Stakeholder in place then a GPP may be the next step to becoming a professional employer

  • If you are still reading then you obviously are not happy with what you have in place, so Enquire about how we can help

Are you considering setting up a Stakeholder?

  • Please read the notes above

  • A GPP is the most flexible type of group pension scheme for most companies, but Stakeholders have their place

  • If you have a Group Money Purchase pension in place we suggest you click on the link to see why you might want to review it

  • If you have a Final Salary Pension in place we suggest you click on this link

  • If you are setting up your first company pension scheme Benefits made Simple will be interesting to you

  • Whatever your situation, we will review with you what type of arrangement best suits your company and advise you accordingly

 

Group Stakeholder Enquiry Form

The Employee Benefits Consultants

`

Copyright © 2005 TEBC Ltd
Last modified: 20-May-2007