CPM
Stakeholder Pension Scheme
CPM has enhanced your benefits package by establishing
a new company stakeholder pension scheme in association
with Warwick Financial Services LLP. Warwick will administer
the stakeholder pension plan and your contributions
will be paid directly from your salary.
After careful consideration, Scottish Equitable has been chosen to administer our stakeholder pension scheme; a group scheme based on Scottish Equitable's stakeholder pension product.
What to do
next
If you are interested in joining our pension scheme,
you should request a full member joining
pack and return
it to Warwick Financial Services. You will then receive:
- a personal illustration and a decision tree. These help to show you how the Group Stakeholder Pension Scheme can work for you, and provide you with an estimate of the income you might receive when you retire
- an application form to fill in
If you join the stakeholder
pension scheme
You can pay regular contributions or a one-off payment.
The decision on how much and how often you pay is left
up to you, although the minimum contribution is £20.
It is important to remember that you will benefit more
if you make regular contributions.
You can make additional contributions to the scheme, as long as they are within the limits set by the Inland Revenue.
Choosing where to invest
contributions
Scottish Equitable provides a default investment fund
under its Group Stakeholder Pension Scheme - the Stakeholder
Balanced Lifestyle Fund. If you invest in this fund,
it will reduce the investment decisions you have to
make throughout the lifetime of your pension plan.
Alternatively, if you wish, you can select your own investment funds from the comprehensive range available. The funds have varying levels of risk to suit people's individual requirements; details of all of them are provided in the joining pack.
Financial advice
Warwick Financial Services LLP can provide general information
about stakeholder pensions and the Scottish Equitable
Group Stakeholder Pension Scheme. They do not give any
individual investment advice.
You should satisfy yourself that the contract is suitable for you. If you have existing pension arrangements, or if you are unsure about the plan's suitability, you should seek financial advice.
You may contact William Burrows at Warwick Financial Services LLP on telephone number 0870 7500532. This is a FREE CPM umbrella company benefit as the cost of providing pension advice is paid for by CPM.
Your next step
Putting off your pension can be costly. Request a member
pack today and start saving now for the retirement you
deserve. Download a CPM stakeholder application form here.