Occupational Pension Schemes

Occupational pension schemes are employer-sponsored retirement plans that help employees save for their future. Typically, both the employer and employee contribute over the employee’s working years. The accumulated funds are invested, and upon retirement, the employee receives a regular income or lump sum. These schemes provide financial security after retirement and are a key part of many benefits packages. They are regulated to ensure proper management and protection of the saved funds, offering a structured way to prepare financially for retirement alongside any personal savings or state pensions.