What to consider when designing a company scheme.
When it comes to pension provision for employees, different considerations apply depending on the business' size and plans for growth. No minimum size dictates whether a particular pension scheme is worthwhile. The type of scheme should be chosen on the basis of the number and identity of members. The business should consider who to include - all staff, certain staff (by grade, age or service) or key employees - using the benefit as a recruitment/ retention tool. It should also think about what members' total expected contribution levels will be.