Opra finally swings its stakeholder muscle

Flowfood Limited, a company which currently has around 300 employees, has been given a £10,000 fine after it failed to comply with stakeholder legislation. The fine was imposed following Flowfood's failure to give its staff access to a stakeholder scheme although Opra on several occasion had tried to ensure the company complied with the law. Since October 2001 - seven months after stakeholdeer pensions were first introduced - employers with five employees or more have had to offer their staff access to a stakeholder pension scheme or alternative pension arrangements. Opra has, ever...