Financial Services > Pensions > Company Pensions


Most company pension schemes are quite straightforward: the employer makes a contribution into the scheme providing you are willing to do so too and the pension fund belongs to you without penalty whenever you leave or retire.

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In many cases the employer decides what the pension fund will be invested in, but some firms do provide freedom of choice to their employees.

In all cases, an independent Trustee exists to protect the interests of the pension scheme members and, once money is inside the pension fund, it is completely safe from claims by the employer or its creditors at any stage in the future.

Because the employer is making a contribution it is usually an excellent idea to join this type of pension scheme at the earliest possible opportunity.

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Care needs to be taken when considering what to do with previous pension rights when you join a company pension scheme. There will be an opportunity to consolidate those pension benefits into the new company scheme but this is not always a good idea.

Please discuss the facts of your particular circumstances with Corrigans before making any changes to your pension arrangements.

Workplace pensions were introduced by the Government in 2013. The legislation places an obligation on employers to provide a pension scheme for employees. Please contact Corrigans if you would like further information on your personal situation.