Global Connections' Pension Scheme
Global Connections provides access to high quality products to its members in the area of pensions and retirement planning. UK Government legislation requires all UK employers to implement and make contributions towards approved pension schemes for their UK staff.
In consultation with the network, Global Connections established and now offers two schemes. For UK employed staff, there is an auto-enrolment and NEST compliant multi-employer Group Personal Pension Plan operated by Scottish Widows. For overseas workers, an offshore Retirement Benefit (savings) Plan held in Trust by Zurich International Life is available.
The UK pension plan offers auto-enrolment with each organisation having its own payment point. There is online access for organisations to administer the payments, and for individuals to view their pension fund at any time, and make adjustments to the fund selections (although it is advised that professional independent financial advice is sought before taking this step). The scheme is only applicable for staff employed in the UK, but Succession Wealth are also able to offer advice for those agencies whose workers are self-employed. For further information on auto enrolment, the Scottish Widows scheme, next steps on how to join and the IFA fees (which are specially negotiated) please contact Andy Law.