What’s an occupational pension?

Nowadays this is called a workplace pension – though sometimes also known as employer, company, works or work-based pensions.

• You might still see ‘occupational pensions’ mentioned as a broader term to describe older pensions that were offered in the workplace before the auto-enrolment regulations came in.
• Previously many employers offered stakeholder pensions, defined benefit pensions and other solutions, but since the auto-enrolment laws, gradually all employers are having to offer a workplace pension.

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