A workplace pension is a regulatory obligation in the UK requiring companies to automatically enrol eligible employees into a qualifying workplace pension scheme. There are very clear guidelines, rules and timelines involved under this legislation which must include company and staff contributions. On the surface, auto-enrolment is a powerful tool which can help your employees to save for their retirement. But putting it into practice can be challenging for many employers.
That’s where we come in. Our team will advise you on the most cost-effective way to carry out auto-enrolment, giving you a clear project plan which outlines what needs to be done, by whom and by when.
We will help you to select a compliant pension scheme and advise you on its features, such as contribution level and eligibility criteria. You’ll find the implementation smooth and hassle-free, as we’ll liaise with all parties involved. We’ll make sure the scheme remains compliant with regulation as time goes on and you’ll find our ongoing support invaluable in answering your employees’ queries.
If you already have a group pension scheme in place, it’s essential that you have it reviewed to ensure that it meets with the latest legal and regulatory standards.
Of course, much of the value of a workplace pension comes in the uplifting effect it can have on staff morale and sense of worth. Our employee presentations ensure your people have a strong understanding of the benefits you’re offering.