Workplace pensions
Find the right workplace pension for your business
We have solutions for different sizes and types of businesses, with a range of benefits for you and your employees.
Set up or move your workplace pension scheme to Aviva
Our Aviva Workplace Pension is easy to use and ideal for auto enrolment. Once set up, you’ll be able to manage your scheme online. Plus, your employees will have access to a wide range of tools and investment funds, letting them keep a close eye on their workplace pension. Get a quote online in minutes.
For more flexible workplace pension and saving needs
A range of pensions, savings and investment options designed by industry experts that can be tailored to meet your business needs. Access a selection of fund investment options and gain personalised support for you and your employees. These solutions are suitable for larger companies or for more complex pension requirements.
Why choose us
Trusted by some of the UK's largest household names
We currently provide workplace pension schemes for some of the UK’s best-known companies, offering a range of investments and support for over 4 million pension scheme members in more than 26,000 schemes.
Stability & credibility
We've been around for more than 325 years and have over 18 million customers in the UK, Ireland and Canada and have consistently strong ratings in the UK from major credit rating agencies including S&P and Moody’s. We're trusted in the industry and remain in a strong position to support your business and needs.
What is a workplace pension?
A workplace pension is a pension scheme arranged by, or on behalf of, an employer and helps eligible employees save for retirement. All businesses are now obliged by law to provide a suitable workplace pension scheme for eligible staff. This is the result of a government initiative (auto enrolment) to help people who otherwise might not save enough money to live on when they retire.
A percentage of the employees’ salary is paid into a nominated scheme along with employer contributions and builds a pot of money ready for retirement. Like employees, employers have to meet a minimum level of contributions for all enrolled scheme members.
Employees can opt out of workplace pensions if they want to, but that means losing out on the contributions employers would make and the tax relief they would get from the government.
The value of a pension can go down as well as up. Employees could get back less than invested.
Find out more in the auto enrolment knowledge centre.
Who you need to enrol
You’ll need to enrol all employees who:
- Aren’t already enrolled in a suitable scheme
- Are aged between 22 and State Pension age
- Earn more than £10,000
- Usually work in the UK
Your enrolment duties start from the date on which a member of staff joins your business. If you start late, you’ll need to act quickly – you may have to make up missed contributions from the employee as well as yourself. Fines and penalties may also apply.
Find out more about employment duties start dates
Different types of workplace pensions
The most commonly offered scheme is a defined contributions (DC) pension in which your financial contributions are invested. We have several types of DC pension available:
- The workplace pension scheme is easy to set up with a default investment option and can be managed online.
- For more flexible solutions, our other contract pensions give members more investment choices. Alternatively, our trust pensions work in a similar way but the pension is run by a board of trustees, rather than the provider.
Find out more about different types of workplace pensions
Auto enrolment knowledge centre
Find out about auto enrolment for workplace pensions, with our easy to follow general guidance and information.
Knowledge centre articles
Learn more about auto enrolment
Auto enrolment in eight simple steps
From setting up your scheme to explaining how start dates work, we’ll make it easy for you to get up and running with workplace pensions.
Auto enrolment contributions
The facts you need on the payments you have to make into your employees’ pensions, including minimum contributions and examples.
Auto enrolment costs
We break down the potential costs, including provider’s charges, payroll costs and fees for advice, as well as the contributions themselves.
Guide to re-enrolment
Every three years you have a duty to re-enrol eligible employees into your scheme – find out how to do this.
More from us
Financial advice
Discover how our Aviva advisers can help your employees make decisions about their pension and investments. The first meeting is free.
Business perspectives
News and insights on pensions, money and wellbeing – giving your business that extra boost.
Employee pension materials
Get your employees thinking more about saving smarter. We have a variety of supporting material to help your employees understand their options for their bonus payments.
Workplace Wellbeing
We support businesses in helping their employees gain a greater control of all their wellbeing needs. We do this by creating awareness, knowledge and confidence – across physical, financial and mental wellbeing.