News room

It would be unfair to describe the phased introduction of workplace pensions (WPP) as anything other than an overwhelming success. From a standing start in 2012, by the end of 2019, more than 77% of the UK’s workforce had enrolled in a WPP with over one third (36%) registered as members of occupational defined contribution pension schemes. Yet the administration of many WPP schemes is less than perfect: frankly, they should be more accurate and efficient, systemic drawbacks that could compromise companies operating in an area which many describe as a ‘minefield’ – and with some justification.
With more and more accountants being asked by clients for help with setting up a workplace pension scheme, Options UK is now servicing this growing market by offering new products.
Leading independent pension provider Options UK has been strengthened by its parent group’s acquisition of two respected and well-established businesses. Options is the UK pension solutions arm of cross border financial services provider STM Group Plc which recently acquired Berkeley Burke (Financial Services) Ltd and Berkeley Burke Employee Benefit Consultants Ltd.
Independent pension provider Options UK has joined forces with worldwide Halal investment specialists Wahed Invest to launch a fully diversified, Sharia-compliant Halal Workplace Pension (HWP). The pioneering pension vehicle is designed to satisfy burgeoning demand from British Muslims for a retirement product compatible with Sharia law, enabling them to enjoy generous tax advantages without compromising on their beliefs.
Many people believe they need to consult an IFA only when comprehensive financial advice is required, but advisers offer a full range of ‘one-off’ services: from providing guidance on budgeting or basic financial planning, to offering a professional opinion on the benefits of insurance protection or advising upon the establishment of a self-invested personal pension.
Options SIPP UK LLP is pleased to announce the outcome of the judgment in the long-awaited Adams v Carey case, which has been found wholly in favour of Carey Pensions UK LLP (“Carey”), with Mr Adams’ claims against Carey being dismissed on all grounds.
Self-Administered Personal Pensions (SIPPs and SSAS) are generally considered the most appropriate pension ‘wrapper’ for people seeking flexibility and a broad investment choice not necessarily available in other forms of retirement plan.
Options Managing Director Christine Hallett has deservedly been recognised as one of the world’s most successful and innovative female business leaders in CEO Today magazine’s 2020 Business Women of the Year Awards.
Options has appointed Roger Grosvenor to drive development and growth of their UK corporate pensions proposition.
Options – a new pensions brand – promises to bring an innovative, solutions-based approach to the UK market.