Workplace Pension Advice
Because giving your employees confidence in the future starts with the decisions you make today.
A workplace pension scheme is often one of the most valuable benefits an employer can provide.
But for many business owners, workplace pension schemes can feel like just another responsibility in an already busy schedule. You may be wondering:
- Am I meeting my workplace pension obligations?
- Is our current scheme still right for the business?
- Are employees making the most of the benefits available to them?
- Could we improve employee engagement?
- Are we paying unnecessary charges?
- Is there a better option available?
- How do workplace pensions fit into our wider employee benefits strategy?
Whether you employ a handful of people or manage a larger workforce, the right workplace pension arrangement can help support your employees’ financial future while contributing to your wider business goals.
Your advisor will help you review and manage workplace pension schemes that work for both your people and your business.
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Perspective Financial Group Limited brings together a collection of FCA-authorised financial planning firms operating from regional hubs across the UK, united by a shared commitment to helping clients achieve their financial goals with confidence and all include:
Over 35 Years' Experience
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Client-Focused Advice
Workplace Pensions Expertise
Workplace Pension Advice built around your business
No two businesses are the same.
A growing business with a small team will have different pension requirements from an established employer with a large workforce. You may be:
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Running a growing business
You have worked hard to build your business and now employ people who depend on you.
You want to provide a quality workplace pension scheme but may be unsure whether your current arrangements remain appropriate.
You need guidance that is practical, straightforward and focused on what matters most.
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Leading an established employer
You recognise the role workplace pensions can play in employee recruitment, retention and wellbeing. You may be looking to:
- Review scheme performance
- Improve employee engagement
- Enhance governance
- Support employees approaching retirement
- Integrate pensions with your wider employee benefits packages
- Improve value for both employees and the business
Whatever your circumstances, your advisor will help you make informed decisions with confidence.
The Financial Conduct Authority does not regulate some aspects of corporate financial planning, automatic enrolment and taxation advice.
Workplace Pension advice starts with understanding your people
Pensions are about much more than compliance.
They are about helping employees build confidence in their future.
That is why your advisor will take the time to understand:
- You. Your business. Your workforce. Your objectives
- Your existing arrangements. Your plans for future growth
By understanding the bigger picture, your advisor can help create a pension strategy that supports both your employees and your wider business ambitions.
Because workplace pensions are ultimately about people, not paperwork.
Because giving your employees confidence in the future starts with the decisions you make today.
How your Workplace Pension Advisor can help
Your workplace pensions specialists can support employers with:
Group personal pensions (GPPs)
Workplace pension scheme reviews
Investment fund reviews
Salary sacrifice arrangements
Employee pension engagement
Pre-retirement support for employees
Pension strategies linked to wider corporate financial planning
Workplace Pension Solutions
Workplace Pension Schemes
A workplace pension scheme helps employees save towards retirement whilst enabling employers to meet their automatic enrolment responsibilities.
The right arrangement can support employee wellbeing, strengthen your employee benefits package and demonstrate your commitment to your workforce’s future.
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Group Personal Pensions
A Group Personal Pension (GPP) allows employees to hold individual pension plans within a workplace arrangement established by their employer.
These schemes provide flexibility for employees while helping employers offer a valuable and widely understood workplace benefit.
Your financial advisor can help review providers, charges, investment options and ongoing administration requirements.
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Workplace Pension Reviews
Many workplace pension schemes remain unchanged for years.
Regular reviews can help ensure your arrangements continue to deliver value for both employers and employees. Reviews can assess:
- Charges and costs
- Provider services
- Investment options
- Employee engagement
- Governance arrangements
- Ongoing suitability
Helping ensure your scheme remains competitive, effective and aligned with your objectives.
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Small Self-Administered Pension Schemes (SSAS)
For business owners and directors seeking greater flexibility and control over retirement planning, a Small Self-Administered Pension Scheme (SSAS) may be appropriate.
A SSAS can form part of a wider corporate financial planning strategy and may offer additional opportunities for business owners and key decision makers.
Advice will always be tailored to your individual circumstances.
Helping employees engage with their pension
Providing a pension is one thing.
Helping employees understand its value is another. Many employees are unsure:
- How much they are contributing
- Whether they’re saving enough
- How their pension is invested
- What income it may provide in retirement
Your advisor can help improve awareness and engagement through:
- Pension education sessions
- Employee guidance meetings
- Retirement planning support
- Contribution reviews
- Investment discussions
When employees feel more confident about their financial future, they are often better equipped to focus on the present.
The benefits of professional Workplace Pension advice
The workplace pensions market is complex. Professional advice can help you:
Meet automatic enrolment obligations confidently
Deliver greater value for employees
Improve employee engagement
Review provider charges and services
Support workplace financial wellbeing
Strengthen recruitment and retention
Integrate pensions into a wider employee benefits strategy
Most importantly, it provides confidence that one of your most valuable employee benefits is working as intended for both your people and your organisation.
Workplace Pensions as part of a wider strategy
Workplace pensions rarely exist in isolation.
They often form part of a broader approach to corporate financial planning and employee benefits.
- Corporate Financial Planning
- A joined-up strategy can help align workplace pensions with:
- Director remuneration planning
- Tax efficiency
- Cash flow management
- Succession planning
- Long-term business growth
Workplace pensions often sit alongside employee benefits such as:
- Group Life Assurance
- Income Protection
- Private Medical Insurance
- Financial Wellbeing Support
Together, these benefits can help businesses attract, retain and reward great people.
What does Workplace Pension advice cost?
Your initial consultation with your advisor is free and carries no obligation. It is an opportunity to understand your position and establish how advice on workplace pension schemes would be worthwhile.
Should you decide to proceed, all fees are explained clearly and agreed with you in writing before any work begins.
Ready to review your workplace pension schemes?
A financial advisor can provide support on a range of pensions, ensuring your employees receive suitable benefits for their work. Book your initial consultation now.
Workplace pension advice depends on individual circumstances. The value of investments and any income derived from them can fall as well as rise, and you may not get back the full amount invested.
The Financial Conduct Authority does not regulate some aspects of corporate financial planning.
The Financial Conduct Authority does not regulate some aspects of workplace pension schemes or Small Self-Administered Pension Schemes.
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Frequently Asked Questions
A workplace pension scheme is the broad term for any pension arranged through an employer. A company pension scheme is commonly used to describe the employer’s specific workplace pension arrangement, so the terms are often used interchangeably in practice.
There is no legal review period, but employers should review workplace pension schemes regularly, typically every 12–24 months or following significant business, workforce or legislative changes. Regular reviews help ensure the scheme remains competitive, compliant and delivers value for both employers and employees.
The minimum legal employer contribution is 3% of an eligible employee’s qualifying earnings, although many employers choose to contribute more to enhance their employee benefits package and attract or retain staff.
For most automatic enrolment workplace pensions, the minimum total contribution is 8% of qualifying earnings, with at least 3% paid by the employer and the remaining 5% typically made up of employee contributions and tax relief. The monetary value of these contributions depend on an employees’ earnings.
Yes. Employers can switch workplace pension providers if another scheme better meets their business or employees’ needs, provided the new scheme satisfies auto-enrolment requirements. Professional advice can help ensure a smooth transition while maintaining compliance and minimising disruption.
Specialist support when required
Where specialist advice is required and the local office does not hold the necessary Financial Conduct Authority permissions, support can be provided through the wider expertise available across Perspective Financial Group Limited. With advanced qualifications in specialist areas of advice and extensive experience in a broad range of financial planning matters, access is available to the knowledge and insight needed to help navigate complex financial decisions.
