Group personal pensions
Some employers who do not run an occupational pension scheme may arrange for a personal pension provider to offer their employees a personal pension instead. Personal pensions arranged in this way are called ‘group personal pensions’. Charges may be lower because of the number of people involved, and the employer may also agree to pay extra contributions on top of what you pay in.
Some employers may offer a group stakeholder pension scheme. These are very similar to group personal pension schemes.
If one of these group schemes is available to you, it may be a good option, especially if your employer agrees to contribute to your pension. But you should think carefully about all your options before you decide. Remember, you may want to get help first.
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