3D Entertainment considers moving staff into GPP plan

3D Entertainment Group is considering closing its stakeholder pension scheme in the new year and moving staff into its group personal pension (GPP).

The move follows the introduction last month of a voluntary benefits scheme provided by PeopleValue.

The bar operator also plans to provide general managers and head office staff with private medical insurance to bring them in line with senior management, and to launch additional benefits that include childcare vouchers and bikes for work.

Currently, new employees can join the stakeholder scheme where there are no employer contributions, then after 12 months’ continual service switch to the GPP to receive employer contributions.

Under the new proposal, employees will have the option of going straight into the GPP on joining the firm, and will receive pensions contributions after three months’ service.

By removing the need to move between schemes, the leisure company believes that the pension benefit will be less confusing for staff.

Head of people at 3D Entertainment, Brenda Desbonne-Smith, said: “This will simplify the system and stop staff jumping in and out of pension funds. The new plan will bring everything into line.”