Unit 2-Intensive Reading
Unit 2-Intensive Reading
Unit 2-Intensive Reading
Read the sentences below and the extracts from a text about pensions. For
questions 1-8, choose which extract each sentence refers to. The extracts may be
chosen more than once.
A. Businesses are not currently obliged to provide a workplace pension scheme, but
the 2008 Pensions Act requires employers to have a qualifying pension
arrangement in place from 2012. Employers will be obliged to automatically
enrol jobholders onto the scheme and make a minimum contribution to the
arrangement. Providing a workplace pension scheme has a number of benefits.
There is income tax relief available on both the employer’s and employees’
contributions, and where the employer is a corporation, corporation tax is also
available.
B. Of the different work pension plans available, the stakeholder scheme has the
minimum standards. Under this scheme, the money contributed is used to buy
investments, and the investor must be prepared to lose out if these investments
do badly. The benefit of this scheme is that it is flexible in that if employees
change jobs, they can continue to make contributions to the scheme, although
any payments the employer makes will cease. Employees can also make
irregular or low payments with no penalties.
C. If a business has more than five employees over the age of eighteen who earn
more than the lower earnings limit, and offers no other pension arrangement, it
must offer its employees access to a stakeholder pension. If the company has
four employees and takes on a fifth, all employees must be given access to a plan
within three months of the fifth employee’s recruitment.
D. The company need not make any contributions, but must offer its employees a
payroll deduction facility. If the employer does contribute, a condition can be
set up that the employee also contributes. Employers must keep a record of any
payments they make, but beyond this, the scheme requires no administration, as
this is done by the provider. The costs for this are deducted from the fund.
Annual charges are low, capped at one percent of funds.
E. Stakeholder pensions are available from a number of banks and other financial
service providers, and it pays to shop around. Find a reputable pension provider
which is registered by the Pensions Regulator. Although a well-established firm
is preferable, past performance is not a reliable indicator of future returns. Also
READING PASSAGE 2:
In this section, you read a text with some sentences missing.
You are going to read an article about about Generation Y. Seven sentences have been
removed from the article. Choose from the sentences A-H the one which fits each gap.
There is one extra sentence which you do not need to use.
One thing Ys crave is feedback – a dull word for anyone from former generations, where
the term tends to have negative connotations. (2) ____________. By tapping into this
channel and providing constructive advice, managers can motivate and coach their
young staff. Giving praise can boost morale and will also clarify what you expect from
your employees. (3) ____________. Point out where they went wrong and how they
can improve on the same day.
(4) ____________. They grew up with the internet, and while their written skills and
memorizing skills may not be as honed as their predecessors, the skills gained in front
of the screen can benefit all businesses. Brought up on Google, they know how to do
on-the-spot research to find solutions and information in minutes. Moreover, in a world
of fast-changing technology, they are also best placed to tell you what the next up-and-
coming thing is on the blogosphere. (5) ____________.
Gen Y-ers tend to be optimistic and have a rosy outlook about their long term
opportunities. Consequently, they are switched on to the idea of choice, and so they are
more likely to shop around to find the position they really want, or the organization that
they really want to join. (6) ____________. But since they do not face the same
constraints as previous generations have done in their life decisions, they will explore
different career paths rather than locking on to one. (7) ____________.