Within the next few years, every employer will have to comply with regulations requiring them to enrol their staff into a pension scheme. This goes well beyond the previous regime of stakeholder pensions.
There are minimum contributions that the employer and the employee must make. These minimum percentage figures increase gradually so that every employer must be contributing 3% of salary by October 2018.
There are severe penalties for repeated failure to comply with the regulations. However, many employers should see the introduction of the new regulations as an opportunity to attract new staff and to improve staff retention by offering more favourable schemes.
By signposting you to our preferred service providers, we are able to offer you access to advice and assistance with pension auto-enrolment. Our preferred service providers will be able to offer the guidance and implementation you require including:
Identifying the staging date (the date by which your business must comply);
Helping you plan ahead. This starts long before the staging date.
Advising you on which pension scheme provider is most suited to the needs of your business.
Assistance with complying with your obligations to notify staff and help with explaining the options to staff.
On-going help with the management of that scheme.
Would you like to find out more? Would you like us to arrange a free consultation with one of our preferred service providers to discuss your needs? If so, contact Charles Millett on 0151 236 8871 or e-mail firstname.lastname@example.org