I’m pretty sure that’s the case, yes.Where an employer is offering to contribute to a pension for an employee, and that employee already has a pension and wants to stay with their own pension provider, can the employer say they have their own pension broker and insist the employee has to use a different pension provider because its what they have set up?
Yes.So if the employer insists on using Provider A, the employee has no choice if they want to receive the employers 6% contributions? Is this correct?
Only if the employer facilitates different arrangements and, in most cases, they probably won't as it could end up being messy if more and more employees need to be facilitated via alternative arrangements.Is there any way around that if so?
Yes and no, in that order, as ClubMan has pointed out. A senior employee might have some leverage, but that’s a commercial point.So if the employer insists on using Provider A, the employee has no choice if they want to receive the employers 6% contributions? Is this correct? Is there any way around that if so?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?