Retirement Planning Fact Sheet – Your Guide to Company Pension Schemes

A Company Pension Scheme will normally include contributions from your employer. Valuable insurances may also be included. In most circumstances it will be advisable to join the scheme to take advantage of these Company contributions.

This factsheet has been prepared to provide an outline of the types of pension scheme that may be available through your employer. We recommend that you read this before discussing your detailed and individual requirements with your Adviser. It describes how the new pension rules that came into force 6 April 2006 affect pension provision as well as a summary of how various existing schemes work in practice. We hope this fact sheet will assist you to establish the most appropriate method of saving for retirement in conjunction with your Adviser.

1. Registered Pension Schemes
2. Final Salary Schemes (Defined Benefit Schemes)
3. Money Purchase Schemes (Defined Contribution Schemes)
4. GPP / Stakeholder Schemes
5. Pensions on Divorce