New workplace pension regulations came into force in October 2012, heralding the most significant changes to the pension sector in many years. Starting with the largest employers, companies are obliged to automatically enrol ‘eligible jobholders’ into a qualifying workplace pension scheme.
There are a number of areas which need to be considered including staging dates, contribution costs and compliance. We also break down the process into four key stages:
1. Understanding your obligations
2. Scheme design and selection
3. Implementation and staff communication
4. Ongoing service.
Further information can also be found on our auto enrolment factsheet.
What our clients say about us…
“In acting as our advisers, they have demonstrated a high level of client service, technical expertise, flexibility and value for money. We would have no hesitation in recommending MHA Moore and Smalley to employers of all sizes.” John Vandermeer, Finance Director – Booths Supermarket”