The Pensions Regulator

About stakeholder pensionsAbout stakeholder pensions

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Stakeholder pensions in the workplace

Employers and stakeholder pensions

Employers who are not exempt must designate and offer access to a stakeholder pension scheme. If any employees join the designated scheme, the employer must offer a payroll deduction facility to those who want it.

The Pensions Regulator are responsible for regulating the requirement for employers to give access to stakeholder schemes.

Employers must pay employee contributions to schemes within a specified timescale, and the Pensions Regulator will be responsible for dealing with any reports of late payment of contributions by employers.

If a stakeholder manager or trustee does not receive the expected amount from the employer on the date it is due, they have a statutory duty to report the matter to the Pensions Regulator.

The Pensions Regulator will monitor reports of late payments and will take appropriate action against the employer where necessary.

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