Pensions Minister Visits O2

Pensions Minister James Purnell today visited O2’s customer service centre at Preston Brook to learn about the company’s award winning pension scheme, and to get the views of some of O2’s younger employees on what more can be done to encourage people to save for the future.   During his visit the Minister was briefed on how O2 promotes its Pension Plan to its employees using innovative communication methods including a dedicated website and CD-ROMs.   Richard Browning Head of Select Customer Service said “The O2 Pension Plan is an important part of our efforts to make O2 one of the best places to work in the UK. We were pleased to have the opportunity to discuss with the Minister the steps we are taking to encourage our employees to join O2’s award winning Pension Plan.”   O2’s Pension Plan is a straight forward but generous scheme where employee contributions are matched by the company from 4% up to 10% of salary. It was voted Defined Contribution Scheme of the Year in the 2005 Pension Scheme of the Year Awards. In the words of the judges, the O2 Pension Plan is “setting the standards for the occupational pensions industry”.   More than 1,400 employees are located at the Preston Brook customer service centre making O2 one of the largest employers in the Halton area. The majority of calls answered at Preston Brook are from customers with monthly contracts who wish to upgrade their phone or change their tariff.