Employers Pension

An employers’ pension can also be known as a company pension and is the pension scheme that is run by the company that you work for if they run one.

Many types of employer pension schemes are known as money purchase schemes whereby you and often your employer contribute a proportion of the amount of your salary to build up a pension pot that enables an individual to purchase an annuity when they are ready to retire.

With the introduction of NEST (National Employment Savings Trust) most employers will offer a company pension to employees’ requiring contributions from both employers and employees.

	CIPD warns of "game-changing" moment for employers and jobs The Chartered Institute of Personnel and Development has warned that unless the economy improves employers will have to shed skilled staff who have been kept on ready for an upturn.
	New 2012 pension scheme shunned by employers Employers will not be downgrading existing pension schemes in favour of the new personal accounts system.
	Employers unaware of 2012 pension changes Over half of businesses do not know about government plans to reform pensions, even though they will hit 966,000 firms in the UK.
	Employers and employees 'failed' by tribunals Neither employers nor employees are served adequately by employment tribunals, according to the Confederation of British Industry.
	Pension take up falls to lowest level since 1950's New figures from the Office for National Statistics have revealed that British workers are saving less than ever for retirement in this tough economic climate.