Employer Pension Schemes (Auto Enrolment)
Every employer must have a pension scheme in place with the facility to manage all employees to automatically enrol or opt-out of the scheme every three years. This can be a huge administrative task, with large penalties for getting it wrong.
By working with you and your business, our advisers can help to reduce the burden of auto-enrolment.
Furthermore, we can continue to monitor the scheme and provide on-going advice to you and your employees to help them get the best out of their pension. Not only is it a requirement to have a pension scheme in place, but a well-managed scheme can help to encourage staff loyalty within your company.
Our advisers can help guide you through the whole process of setting up your pension scheme or review your existing pension scheme to ensure that it remains suitable. It is important that you understand your automatic enrolment duties, the impact on your business and the required changes you will have to make.
At our first meeting, we will aim to understand the needs of your business and your employees, taking into consideration the budget and relevant legislation. After this meeting and researching the whole of market, we can formulate a strategy that suits your business to ensure you have a compliant auto-enrolment scheme in place.
We will also explain your options with regard to salary exchange, the possible benefits this can have, and the potential savings it can make for your business.
The Pensions Regulator is the statutory regulator for Workplace Pensions.
Auto Enrolment is not regulated by the Financial Conduct Authority.
Contact us to find out more.