A pension is money you will use to live on when you retire. Most people get a state pension from the government which covers your basic needs but it is also a good idea to invest money in a pension fund in order to provide a secure retirement.
A workplace pension is often the most costly employee benefit that an organisation offers and it is imperative that they are used effectively to reward and retain staff. Following the introduction of auto enrolment all employers will now have to offer access to a pension at work.
PIB can help guide organisations in all aspects of workplace pensions including: scheme selection, benchmarking, governance, auto enrolment compliance, staff communications, seminars and help desks, salary sacrifice, default fund selection and scheme administration and management.