We are pleased to invite employees to join the UCAS Group Stakeholder Pension Plan (2007) and an associated Life Assurance Scheme.
The pension plan is contributory by both the member and the employer. Although lower contributions might be made at the option of the employee, these will normally be at the rate of 6 per cent of basic salary. Members select the range of investment vehicles they wish to use as their own account towards the fund used for retirement income.
However, should a member leave before retirement, their account with the fund can be transferred or retained pending ultimate retirement.
There is an annual charge for maintenance of the plan.