The Pensions Regulator

Employer engagement

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Legal issues

Many employers and their legal advisers have concluded that some type of governance arrangement for their GPP may be an effective tool to mitigate potential risks to the employer - for example, rectifying administration errors by the employer, low level of benefits or poor quality of scheme leading to member complaints.

Any employer putting in place a pension scheme should seek legal advice about their specific circumstances. 

The FSA has produced a brief guide clarifying what you can do to promote your GPP.

In relation to selecting a provider, there are special rules relating to stakeholder pensions which mean that you are protected from any legal claim by employees regarding the choice of provider and monitoring of their performance.  

Potential confidentiality issues under the Data Protection Act 1998 need to be considered regarding the disclosure of information about fellow-employees.  

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