Jelf launches new pension proposition
by Gill Montia
Story link: Jelf launches new pension proposition
Jelf Employee Benefits has launched a new pension proposition aimed at ensuring employers and their staff get the support they need in the light of increasing pension legislation.
The offering, which comprises “Jelf Money at Work” and “Jelf Money after Work” takes a holistic approach, looking after the complete pension journey from joining through to retirement and beyond.
As part of Jelf Money at Work, the firm has launched a new group personal pension provided by Scottish Widows and supported by a number of online interactive tools available on the latter’s mymoneyworks portal.
The scheme is aimed at all sizes of employer and can encompass the entire workforce from senior directors to junior staff.
What’s more, it requires a single registration with The Pensions Regulator, a single payroll interface and a single log-in to a dedicated microsite.
Jelf claims that the terms of the scheme are very attractive because the annual management charge will be based on what the contribution levels will be in 2018, when the minimum contribution level increases to, typically, 8% of salary rather than the starting minimum level under auto-enrolment of just 2%.