From 2012, all UK employers will be expected to start offering a pension to any employee who earns more than 5,000. This compulsory measure has far-reaching consequences for all players: not only will many new pension customers be brought into the market, but companies face strict deadlines and major fines if they do not comply.The Handbook of Work-based Pension Schemes takes a practical approach the many issues now facing employers - use the government's own scheme or build a new company scheme over which they have more control? How will top performers be rewarded? How best to set an investment policy? Resolve these questions and pensions can act as one of the most powerful incentives offered by employers, but make a mistake and the consequences can be far-reaching and expensive. Published in association with the Institute of Directors, the book is designed to ensure that this new pensions system fulfils its promise to both employers and employees.
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