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Care Funding Advice Line: 0800 043 4036
Group
Stakeholder & Employee
Benefits
Introduction
It is a legal
requirement that any employer with five employees
or more at least has a designated Stakeholder pension
scheme. There is a potential fine of up to £50,000
for relevant employers who do not comply. Click
here to access the government's Pension Service guide.
Retirement Planning Associates (RPA) advises on and
arranges Stakeholder and other pension schemes, plus
a full range of employee benefits.
Contribution Options
Stakeholder or
equivalent schemes allow:-
-
Employer contributions only.
-
Employee contributions only.
-
Employer & employee
contributions.
-
Designation only - the registering
of a scheme with a pension provider and notifying employees, to
meet legal requirements with employees having access to contribute
on an individual basis should they wish to do so.
Our Offer
to Care Homes who Work with Us
Our normal
charge for this is £250 per employee enrolled,
subject to a minimum charge of £2,000, plus
ongoing charges per annum for servicing the scheme.
However, we will arrange such schemes on preferential
terms for relevant care homes who utilise our care
fees service for their private funding residents
and potential residents.
RPA also advise
on, and arrange, other employee benefits, such
as:-
Group Life Insurance
Which pays
out in the event of death.
Group Critical Illness
Cover
Which pays
out in the event of the employee suffering a predefined
critical illness, such as cancer, heart attack
and stroke.
Group Income Protection
Which pays an income in the event
of the employee being unable to work due to medical
reasons, up to retirement age. There is also a
one to two year version which pays out in the event
of redundancy.
Group Medical Insurance
Which pays
medical bills.
Summary
We will be
pleased to discuss all or any of the above with
you on a no obligation basis.
Notes
Basic terms and
conditions apply to the stakeholder offer which
can be provided upon request or will be provided
upon initial discussion.
22/02/08 Revision
Notes & Disclaimers
- Guides (which includes all
information, data and views expressed) on this site
are brief introductions, as such they cannot be relied
upon: full research needs to be conducted or professional
advice sought before investment and financial decisions
are made.
- In the case of new investments,
pensions, insurances or mortgages, literature from
the investment provider needs to be read and understood:
including product guides, key features and illustrations,
which give details of product aims, benefits, risks,
commitment needed, charges and commissions, before
financial decisions are made and action taken.
- Guides published on this site
express the opinions of the authors which may not always
concur with our own if from other organisations.
- Guides are published by the
permission of the authors and/or copyright holders.
- Your home is at risk if you
do not keep up repayments on a mortgage or other loan
secured upon it, this can include some forms of equity
release. The FSA do not regulate some types of mortgage.
- Past performance is not an
indication of future returns.
- The price of bonds, properties
and shares, income from them and investments in them
can rise and fall.
- Investments in bonds, property
and shares should be deemed mid to long term, meaning
at least five years. Early surrender increases the
risk of the investor receiving back less than invested.
- Investments in capital protected
funds are only as good as the ability of the investment
provider and/or any guarantors to meet their liabilities.
A default on their part may mean that the investor
receives back less than invested.
- Tax concessions and legislation
may change and reduce the benefits of investments.
03/01/07
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