Establishing a Workplace Pension
If you choose to let us assist in establishing your first scheme or replace an existing scheme, we aim to ensure it is as painless and straightforward as possible for you.
We can review your existing scheme(s) to determine whether it continues to be suitable for your firm, draw up a strategy for communicating the changes to your employees and assist in implementing a new scheme (if required). We will also explain your options with regard to the benefits of salary exchange and the potential advantages it offers.
Workplace pensions law has changed. Every employer in the UK will now be required to help more of their workers save for retirement.
The government has introduced auto-enrolment as a way of making sure all eligible employees automatically become members of a qualifying pension scheme, which is a scheme with a high enough level of contributions. You will have to make sure your company’s approach to pensions meets the new legislation.
It means as an employer in the UK, you have a major role to play:
If you already have a pension scheme, you will need to speak to your provider and you may need to change it, if it doesn’t comply with the current workplace pension rules. If you don’t have a scheme yet, you will need to set one up.
The Financial Conduct Authority does not regulate some forms of Auto Enrolment