Running a group Stakeholder pension

My organisation has a Group stakeholder pension scheme for employees, with the company contributing 5% of salary when an employee contributes 5% or more to the scheme. A new employee who already has a number of free-standing pension plans from previous employment/self-employment is reluctant to join yet another scheme, and instead would like to continue to pay into their own private scheme. Is is possible for the company to pay their 5% contribution into the employee's scheme?

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j.ditchfield's picture

Mini biog

John Ditchfield worked in Credit Union development for five years before taking the (CII) Chartered Institute of Insurers, Financial Planning exams and qualifying as an Independent Financial Advisor (IFA).