The workplace pension scheme offer
Working in collaboration with Independent Financial Advisers Lucas Fettes and pension provider Scottish Widows, NCVO have developed a new workplace pension scheme and broader workplace savings proposition with the specific needs of voluntary sector employers and your employees in mind.
All employers will, between now and 2018, have to automatically enrol all eligible employees in a qualifying pension scheme and make contributions to their plan. The qualifying scheme may be your own company scheme, if it meets certain criteria, or a low cost alternative by another provider, such as the Peoples Pension or the National Employment Savings Trust (NEST). The important point is that the Government has set a minimum contribution for these qualifying schemes.
Find out more about Automatic Enrolment.
A fresh approach to employer pension provision
The NCVO scheme is based on a Group Personal Pension with a tiered charging structure, using economies of scale to improve terms whilst offering a wide range of benefits.
Pension Scheme – Access to Scottish Widows award winning Group Personal Pension with a competitive charging structure.
Investment Choice – Easy to use tools to help assess employee's attitude to investment risk. Access to a range of investment options that keeps members needs at heart. The investment choice available also includes access to Scottish Widows Ethical and Environmental funds.
mymoneyworks – An online resource that helps employees take control of their finances, with access to helpful guidance, information and tools.
Benefits for you – Can help to retain staff by providing a service to employees which may make them feel more valued and show that their employer is investing in them.
Employee benefits – Helps employees identify their financial needs and manage all their finances in one place through a single secure portal. It enables employees to take control of their finances, helping them make decisions with confidence, and empowering them to set financial goals.
Scheme Administration – An experienced team of administrators will work closely with you to ensure smooth day to day running of arrangements.
Employee financial education and guidance – With public awareness of debt and other financial management issues on the increase, it is ever more important for employees to have a good understanding of their personal financial situation and clear objectives for the future. To help put this into perspective, user friendly information on personal financial matters is available through mymoneyworks.
Access to Financial Advice from Lucas Fettes – Financial planners at Lucas Fettes will be able to provide personal and ongoing advice to both voluntary sector employers and their employees. There may be a charge for advice relating to individual pension transfers.
Employee engagement support – To help your employees appreciate the benefits on offer, you'll have access to a range of effective communication strategies.
Tel: 0845 357 8910
Access the NCVO website
Are you nearing retirement?
Our retirement planning section is dedicated to helping people nearing retirement to understand the new pension options that came into effect in April 2015. Automatic Enrolment
Find out how Automatic Enrolment affects Employers
Corporate Pensions Demo
Corporate Pensions Online Services Demonstration
Employer Retirement Tools
For more information