Managing a scheme

Contributions and funding You need to pay the correct contributions on time to your staff pension scheme. If you don’t, you risk being fined by the regulator.

DB scheme funding and costs

Includes information on ensuring your DB scheme is appropriately funded, the employer covenant, and comparing costs.

Retirement options for DC members Your staff may ask you for advice when making important choices about their retirement.

Communicating with your scheme members How to communicate with your pension scheme members and staff about the pension scheme including their retirement options, investment choices, contributions, costs and charges.

Reporting duties Employers and trustees have statutory duties to provide certain information to the regulator about their pension scheme.

Work with your pension trustees If you are the sponsoring employer of a workplace pension scheme, make sure you work closely with the trustees running it.

Reviewing a scheme You should review any existing pension scheme to ensure that it satisfies the automatic enrolment rules, if you wish to use it for that purpose, or to check that it remains compliant following any change in pension scheme related law.

Stakeholder pensions With the introduction of automatic enrolment duties for employers, you no longer need to provide access to a stakeholder pension scheme for your staff.

Closing your scheme Information for employers on closing a pension scheme to new members or future accruals, and winding up a scheme.

Transfer your DB scheme to a superfund

This guidance will help employers understand the factors they should consider when considering transferring their defined benefit (DB) scheme to a superfund.