From October 2012, changes to Pensions Law affected all employers with at least one worker in the UK. The potential impact on employers should not be underestimated. For the first time in the history of UK pensions, employers who do not already have a suitable scheme in place will be required to set up and register a Workplace Pension Scheme, automatically enrol certain workers into that Pension Scheme and make contributions on their behalf. Alternatively they may decide to join a multi-employer scheme such as NEST.
Our sister company, Automatic Enrolment Solutions Ltd, have the means and expertise to help ensure that you are fully prepared and equipped to meet the new Workplace Pension requirements. Their experienced team will help you:
Understand how the new employer duties will specifically affect your company
Identify the impact it will have on your business
Undertake the changes you will need to make within you company in order to adhere to those duties
Evaluate your existing company pension scheme where appropriate, to see if it will meet the criteria for a "Qualifying Workplace Pension Scheme"
Implement and administer a Qualifying Workplace Pension for your employees
Their advice will provide you with a step-by-step process for automatic enrolment, aiming to give you peace of mind knowing your scheme is compliant and that you are meeting your employer duties.
If you would like to discuss auto-enrolment in more detail please contact Hayley Jaggers on 0333 900 8333 or email Hayley@AutomaticEnrolmentSolutionsLtd.co.uk. They will be happy to advise you on the most suitable plan for your financial goals based on your individual needs and circumstances.