Introduction

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.

Employer actions

You as the employer are responsible for processing the forms.

Actions for employer and payroll

It is important to check that the applicant has signed and dated the form and that they have entered the...

Employers’ regulatory responsibility

The partnership pension account is an occupational pension scheme under a Master Trust. It is...

Policy start dates

The pension provider will send a policy schedule to the member when the...

Cooling-off period

After applying for partnership, the member has a 30 day ‘cooling off’ period in which to...

Sporadic earnings

Some employees do not receive regular pensionable earnings. This is particularly common with...

Extending the deadline for new entrants

Sometimes new entrants, through no fault of their own, do not receive their Starter Pack until...

Unscrambling

If a new entrant is enrolled into alpha, nuvos or premium and they opt for...

Contribution Equivalent Premium (CEP)

 Prior to April 2016, part of the unscrambling process was the payment of a CEP to...

Employee leaves, having chosen partnership, before employer action is completed.

If an employee applies for partnership but leaves before you have completed your action, you must...

Member wishes to transfer other pension benefits into their partnership account

If a member chooses partnership and wishes to transfer any other pension benefits...

Ongoing payroll action

Your payroll must follow the Legal & General ‘Manage Submissions Interface Guide’.

Published:
22 December 2021
Last updated:
27 January 2022