pension company refusing weekly employer contribution

ridicullous

I am a temp. My employer is a temp agency. They have been paying weekly into my standard life pension a pension contribution. Standard Life have told them to stop this and told them they can only pay by monthly direct debit.

They can't do this because some weeks I do not have work so they do not pay me, so now I am losing their contribution.

Does anyone know if this is fair -seems like discrimination to me -as temp workers and their employers will always struggle to pay pension monthly if someone is pad weekly and intermittently.

Does anyone know of a pension company that would accept their weekly contribution I have this week to find a new pension company who will accept their payments
?

Thrugelmir

ridicullous wrote: »

They can't do this because some weeks I do not have work so they do not pay me, so now I am losing their contribution.

Why can't the agency pay over on a monthly basis?

brewerdave

From my own experience with agencies, it sounds far more likely that the agency can't be bothered with the extra admin. of monthly accruals.

xylophone

http://www.out-law.com/en/topics/pensions/advice-for-employers/agency-workers-and-auto-enrolment/


http://www.pensionsadvisoryservice.org.uk/

https://www.gov.uk/agency-workers-your-rights/where-to-get-help

Try the above for assistance.

ridicullous

I do not get work every week so I will not have necessarily worked all the weeks they would be required to make a monthly payment for. They are an employer so will only do it for the weeks they pay me to work which is reasonable.

Credit-Crunched

some qualifying schemes do have minimum criteria upon contributions, and will not offer terms to companies that operate a weekly pay roll. So it may well be Standard Life being obtuse not the employer

dunstonh

Does anyone know if this is fair -seems like discrimination to me -as temp workers and their employers will always struggle to pay pension monthly if someone is pad weekly and intermittently.

it is not discrimination. Its the terms of their product.

Does anyone know of a pension company that would accept their weekly contribution I have this week to find a new pension company who will accept their payments
?

Any stakeholder pension and most auto-enrolment schemes.

atush

Thrugelmir wrote: »

Why can't the agency pay over on a monthly basis?

I agree. I am sure their office staff are?

warwicktiger

The Standard Life Stakeholder pension can accept weekly payments - I know, I helped create it!

ridicullous

Thanks for responses.

It is a standard life personal pension and it charges are within limits of their stakeholder pension but was taken out before stakeholder pensions were announced. It allows flexible payments.

The work is not continous so I do not accrue pay to make it possible to make monthly payments in advance of my working or not working, and I am not the same as their permanent members of staff who receive pay every week without fail. I do not.

Thrugelmir

Do your weekly contributions meet the minimum contribution limits?