2012 heralds the possibility of pensions for all employees (see our summary guide) and in anticipation of that The Pensions Regulator and the Financial Services Authority have published a guide for employers ‘Talking to your employees about pensions’.

Page 9 of the guide highlights a series of fairly common questions which employees may raise which you are not permitted to answer. Some of these are shown below:

• How much should I contribute to get an adequate income in retirement?
• Should I transfer in a pension from my previous job?
• Should I suspend or reduce contributions?

In these instances the Regulators suggest that employees are referred to a financial adviser authorised by the FSA.

At EBS we specialise in delivering clear, easy to understand answers to employee questions – not only regarding their employee benefits but on any financial matters.

So don’t take the risk of straying into areas of discussions which are regulated by the Financial Services Act – talk to EBS instead.

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