Introduction To Workplace Pension Provision In The Uk - Pensions In 30 Podcasts, Episode One

This series has been created to provide an overview of these subjects for anyone who is new to pensions, for those who deal with pensions at work, or for people with some experience but who want a high level refresher.

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Key points

Pensions in the UK are provided in a number of different ways: state pensions versus private pensions; occupational versus personal pensions; and trust-based versus contract-based. Employers provide pensions to fulfil legal obligations, because they are a tax-efficient benefit and to retain and attract employees. Main sources

Pension Schemes Act 1993; Pensions Act 1995; Pensions Act 2004; and Finance Act 2004. Pension provision in the UK has evolved over the past 100 years. This long period of organic development has created a complicated system with plenty of jargon and abbreviations.

This overview...