Helping employers address requirements for auto-enrolment schemes
Effective from October 2012, all employers became legally required to auto-enrol their eligible employees (which can include temporary workers, non-UK nationals and workers who could be considered to be self-employed) into a qualifying pension scheme.
Larger employers were the first to go through the process and we are now working with smaller employers which employ less than 250 employees to help them face what can be a gruelling task. To find your exact staging date by visiting The Pensions Regulator website.
For those employers yet to stage or who have missed their staging date we have established our streamlined A>E solution to help SME’s cope with their forthcoming staging dates. The solution is decision light as many aspects are pre-packaged to ease set up for the employer all for a competitive price.
Key contacts for our A>E solution are:
We are seeing a secondary stream of larger clients in the auto-enrolment market who have already staged but were rushed through the process to remain compliant. These corporates now want to make changes to consolidate, streamline or improve the standard of their pension arrangements. This could be focused on administrative efficiency, or a different approach to investment given the flexibility members now have around taking benefits. Reviewing DC arrangements can often address some or all of these concerns.
For employers who have already staged and would like to ensure that their scheme meets the necessary requirements we offer a three stage audit service that can give employers comfort over their processes whilst helping them stay on the right side of The Pensions Regulator.
Visit TPR's website where you will find a wealth of information on workplace pension schemes.Find out more