Following the introduction of pensions auto-enrolment on 1 October 2012, the requirement for employers to provide access to stakeholder pension schemes has been abolished. Transitional provisions are in place to protect members of existing stakeholder schemes prior to their employer’s staging date. However, because there has been no alignment between staging dates for autoenrolment and the repeal of stakeholder pensions obligations, some smaller employers may not have to provide access to a pension scheme at all until the final staging date in February 2018.
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Stakeholder pension obligations repealed
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