Pension obligations
28 August 2012
We’re a small recruitment agency looking to provide a pension scheme to our consultants, but don’t think the government’s stakeholder scheme is necessarily the best option. We recently read in the newspapers about a company that was fined for not offering
Your question raises a number of separate issues. First, your obligations as an employer to your employees under the Stakeholder Pensions Act 2001.
Employers are exempt from having to offer a stakeholder pension if they have fewer than five staff or if all employees earn below the national insurance lower earnings limit.
Companies are also exempt if they...