What’s an employee pension fund?

Under group personal pension arrangements, effectively individual accounts are grouped together under the plan. The contributions from the company and the employee will be paid into the individual account / employee pension fund.

The contract for the account is between the employee and the Provider so if the employee leaves the company the policy will revert to an individual account. The employee can then look to leave the money invested until retirement or transfer the funds through to another registered pension scheme.

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