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UK – Adecco makes pension changes

11 February 2013

Adecco’s UK and Ireland business plans to standardise its pension arrangements, following the launch of the new auto-enrolment pension scheme last year. According to a report in Employee Benefits, the staffing firm will implement a multi-employer trust for its 20,000 weekly-paid contract staff.

The auto pension enrolment scheme was launched on 1 October 2012, obliging employers to start enrolling workers, including temporary agency workers, into workplace pensions.

Adecco’s 3,000 monthly-paid employees will benefit from a group personal pension (GPP) plan. With 18 legacy pension arrangements in place, Adecco has implemented staging dates to start on 1 March 2013 and run up to 2016.

Matthew Johnson, head of compensation and benefits at Adecco UK and Ireland, told the publication that employees have been informed about the changes although some employees will not be affected until a much later date.

“There will be people sat next to colleagues who aren’t staging for another three years, so we’re having to think about how we deal with that as well,” he said. 

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