4.2.1 Section 3.2 (‘Overview of pension schemes’) of this guide tells you about the partnership pension account and how it works. Please read it before processing any partnership applications.
4.2.2 The Starter Pack tells new starters who are interested in opening a partnership account to visit the provider’s website for further information.
4.2.3 Annex 1D gives further information about contacting the provider. Members are responsible for obtaining information from the provider directly.
4.2.4 New starters complete the Pension Choices form and fill in the ‘Partnership pension account application form’ found on the Member Forms page on the scheme website. New starters will send both forms to you. If the new starter applies for partnership within one month of the start of their employment, they are entitled to have the employer contributions to partnership backdated to the first day of service.
You as the employer are responsible for processing the forms.
It is important to check that the applicant has signed and dated the form and that they have entered the...
The partnership pension account is an occupational pension scheme under a Master Trust. It is...
The pension provider will send a policy schedule to the member when the...
After applying for partnership, the member has a 30 day ‘cooling off’ period in which to...
Some employees do not receive regular pensionable earnings. This is particularly common with...
Sometimes new entrants, through no fault of their own, do not receive their Starter Pack until...
If a new entrant is enrolled into alpha, nuvos or premium and they opt for...
Prior to April 2016, part of the unscrambling process was the payment of a CEP to...
If an employee applies for partnership but leaves before you have completed your action, you must...
If a member chooses partnership and wishes to transfer any other pension benefits...
Your payroll must follow the Legal & General ‘Manage Submissions Interface Guide’.