UK - The Financial Services Authority (FSA) has published a guide - 'Helping your employees with their pension options' - aimed at employers that have set up or are setting up stakeholder or group personal pension schemes for their employees.
The guide explains what employers can do to help their employees understand the pension scheme they are offering without needing to be authorised by the FSA or breaching the Financial Services and Markets Act 2000.
Choosing a pension scheme is one of the most important decisions a person will make in his or her working life and many employees will turn to their employer for help. The employers’ guide explains - in straightforward terms - what employers can do to help their employees and also where they can go to get free help and independent information.
The guide is available from the FSA website on www.fsa.gov.uk/pubs/other/guide4employers.pdf
By Luke Clancy
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Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point