A company pension is where an employer arranges a pension for their employees. They’re sometimes referred to as an occupational or workplace pension, and usually involve employers putting money into your pension pot when you do.
Company pensions vary between employers, and they will generally choose the pension provider for you. It makes sense to join your company pension if your employer is contributing. You should check how much you are expected to contribute and what your employer may pay in on your behalf.
Recent pension legislation requires employers to automatically enrol eligible employees into their pension scheme and contribute certain amounts. Find out more about automatic enrolment here.
Some employers will pay into the pension plan of your choice. All of our pensions, including our Stakeholder pension allow this.
Even if you have a company pension, you can still open a personal pension. You should consider whether the amount you’re saving into your company pension is enough – you may want to save more. Find out more about personal pensions here.
Our stakeholder pension is a simple, straightforward way to save for your retirement.
Choosing the right pension can be a daunting process, so we've created this jargon buster to explain some of the more complicated words and terms.
Ready to turn your pension fund into an income for life? We can offer extra income for both health risks and medical conditions.