Menu
10/08/2001
Companies urged to meet stakeholder deadline
Companies in Northern Ireland with five or more employees have been advised to act now to meet their responsibilities to provide access to stakeholder pensions for their employees.
The Department for Social Development (DSD) has written to employers reminding them that they have until 8 October to make such provision.
A spokesman for the DSD said: "Providing access to a stakeholder pension is not onerous. Employers do not have to set up and run a scheme themselves – that’s the job of pension providers. All that employers have to do is consult their employees about choosing a scheme, designate a registered stakeholder pension scheme and offer payroll deductions for employees who want to contribute.
"But, in order to make the October deadline, companies need to be talking to pension providers now.
"We are determined that people who want to save for their future have every opportunity to do so. People want security in their retirement. As well as saving through an occupational pension or personal pension people can now save for their future through a stakeholder pension."
Copies of ‘Stakeholder Pensions – A Guide For Employers,’ sent to employers last September, are available from the Inland Revenue Employers’ Orderline on tel. 0845 7 646 646 and on-line at the www.inlandrevenue.gov.uk website.
Employers seeking further information should contact the Inland Revenue Employers Helpline on tel. 0845 7 143 143, if they have questions about the content of leaflet. (SP)
The Department for Social Development (DSD) has written to employers reminding them that they have until 8 October to make such provision.
A spokesman for the DSD said: "Providing access to a stakeholder pension is not onerous. Employers do not have to set up and run a scheme themselves – that’s the job of pension providers. All that employers have to do is consult their employees about choosing a scheme, designate a registered stakeholder pension scheme and offer payroll deductions for employees who want to contribute.
"But, in order to make the October deadline, companies need to be talking to pension providers now.
"We are determined that people who want to save for their future have every opportunity to do so. People want security in their retirement. As well as saving through an occupational pension or personal pension people can now save for their future through a stakeholder pension."
Copies of ‘Stakeholder Pensions – A Guide For Employers,’ sent to employers last September, are available from the Inland Revenue Employers’ Orderline on tel. 0845 7 646 646 and on-line at the www.inlandrevenue.gov.uk website.
Employers seeking further information should contact the Inland Revenue Employers Helpline on tel. 0845 7 143 143, if they have questions about the content of leaflet. (SP)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
08 October 2001
Workers shun stakeholder pension schemes
The Government’s stakeholder pension scheme has, according to a recent report from the Prudential, failed to attract many of the workers it set out to target. The Prudential commissioned survey also indicated that many workers had not been notified by their employers about the scheme in their place of work.
Workers shun stakeholder pension schemes
The Government’s stakeholder pension scheme has, according to a recent report from the Prudential, failed to attract many of the workers it set out to target. The Prudential commissioned survey also indicated that many workers had not been notified by their employers about the scheme in their place of work.
30 October 2002
EU pension regulations open to interpretation
Nearly 1.5 million people in the UK are employed on fixed term contracts, but flexibility in interpreting regulations will result in many people suffering through reduced pensions when they retire.
EU pension regulations open to interpretation
Nearly 1.5 million people in the UK are employed on fixed term contracts, but flexibility in interpreting regulations will result in many people suffering through reduced pensions when they retire.
02 October 2001
NI lags behind UK in designating stakeholder pensions
Only two thirds of Northern Ireland businesses have designated a stakeholder pension provider compared with the UK average of 85 per cent a new report shows.
NI lags behind UK in designating stakeholder pensions
Only two thirds of Northern Ireland businesses have designated a stakeholder pension provider compared with the UK average of 85 per cent a new report shows.
09 July 2001
SHAREHOLDER PENSION LEGISLATION GUIDE LAUNCHED
AN independent guide for small businesses on the detailed requirements of the new shareholder pension legislation has been published. The guide, by Is4profit, the internet-based business information and advisory service for SME’s, supplies a step-by-step approach for small firms with regard to the new legislation.
SHAREHOLDER PENSION LEGISLATION GUIDE LAUNCHED
AN independent guide for small businesses on the detailed requirements of the new shareholder pension legislation has been published. The guide, by Is4profit, the internet-based business information and advisory service for SME’s, supplies a step-by-step approach for small firms with regard to the new legislation.
05 August 2009
'Largest Ever Deficit' In Top Pensions
The financial crisis has plunged the pensions schemes of Britain's leading companies into a £96 billion deficit, more than double the £41 billion estimated a year ago, a report has revealed.
'Largest Ever Deficit' In Top Pensions
The financial crisis has plunged the pensions schemes of Britain's leading companies into a £96 billion deficit, more than double the £41 billion estimated a year ago, a report has revealed.
-
Northern Ireland WeatherThis Evening and Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Perhaps a touch of ground frost. Cloud will spread east towards morning. Minimum temperature 2 °C.
