Occupational pension

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

  • You might still see ‘occupational pensions’ mentioned as a broader term to describe older pensions that were offered in the workplace before the automatic enrolment regulations came in.
  • Previously many employers offered stakeholder pensions, defined benefit pensions and other solutions. But since the government’s automatic enrolment law, employers are either offering an automatic enrolment pension scheme like The People’s Pension, or they may have adjusted their old pension scheme to make sure it meets the government’s regulations.