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Pensions


All employers with more than 5 staff need to take care of pension provision for their staff.

OPRA
OPRA, the website of the Occupational Pensions Regulatory Authority, contains useful advice & contacts. There is also a separate OPRA Stakeholder Pensions website

The Pension Service
Part of the Department for Work & Pensions (DWP) - website provides information and services for everyone whether they are planning for retirement or about to retire. See I am an employer for more information.

pensionguide.gov.uk
This website provides impartial information from the government for people planning for retirement, and for employers.

Pensioner's Guide
The Pensioners' guide website is aimed specifically at pensioners and gives information on a wide range of government entitlements and services.

Pension Calculator
Everybody thinking about or currently saving for a pension will be able to calculate how much their savings might be worth on retirement via an online pensions calculator. The calculator has been launched by the Association of British Insurers (ABI) and the Financial Services Authority (FSA).

Stakeholder Pensions
A new government website which links to all the relevant information.

The Pension Service: Stakeholder Pensions
Employers with 5 or more employees should consult the guide Stakeholder pensions - a guide for employers which is available online as a pdf file. The scheme is optional for companies with fewer than 5 employees. In April 2001, the Government introduced a new form of pension provision. Any business which employs five or more people will have to set up a 'Stakeholder' pension scheme. Only businesses with qualifying Group Personal Pension Schemes or Occupational Pension Schemes were exempt from having to meet the deadline date of October 2001.

Stakeholder Pensions
For an excellent set of links, have a look at this page from the Institute of Chartered Accountants in England and Wales: SME Signposts

pensionsbusiness.com
Help is at hand from a new website, pensionsbusiness.com, which provides clear and concise information to help employers choose the best pension scheme to offer their staff.

OPAS
The Pensions Advisory Service (OPAS) is a non-profit organisation which seeks to help any member of the public who has a problem, complaint or dispute with their occupational or private pension arrangement. This work is carried out mostly by a network of volunteer pension professionals spread throughout the UK. All of the volunteers are people who work or have worked in the pensions industry and do their OPAS work in their own free time.





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