Pensions auto-enrolment – is your staging date looming?
Are you among the 800,000 small businesses set to reach their auto-enrolment staging date in 2017?
One in five companies are now issued with compliance orders after missing their deadline – don’t be one of them!
Make it your New Year resolution to do it properly and on time. Our top three tips are: choose the right scheme, use the best technology and be prepared.
Choosing the right scheme is vital as 9 out of 10 workers stay in their default pension fund when auto-enrolled. However, it can be tricky to compare schemes. Impartial financial research group Defaqto have produced a report ‘How to analyse auto-enrolment default funds’. Click here.
Use the latest technology to make auto-enrolment easier, reduce processing time and cut down on the potential for error. Technology can now be used to complete routine processes and integrate pensions with your existing systems.
Be prepared. If you’re among the 83 percent of small employers who’ve never offered a company pension before, it doesn’t have to be challenging just because it’s unfamiliar. Make sure you know your staging date. Check the Pensions Regulator (TPR) website if you’re unsure.
Why not allow us to take some of the pressure off? We will help you choose the right package for your company which includes:
A fully compliant auto-enrolment service
Comprehensive UK based implementation support
To reduce your employees’ net costs by 12%
Presentations and individual consultations
5* Defaqto rating and Master Trust accredited Qualifying Workplace Pension Scheme with a wide range of investment options
Why not see how you can benefit from the above with a free initial consultation?