Company Pension

A company pension is now more usually referred to as a workplace pension.

Historically a company pension was a benefit that not all employees were entitled to. A company pension was a benefit which workers could contribute to. Company pension funds were sometimes mismanaged meaning those that paid in did not always receive their entitlement. In some cases, pensions were too generous in their terms making them unsustainable.

Currently an employer must offer employees a workplace pension unless the employee opts out.