With the Pensions Act 2008 and the duties associated with auto enrolment, there are many key requirements that will need implementation, monitoring and rigorous reporting back to the Pension Regulator. We will take care of all the employer duties to make sure you’re fully compliant with all the new requirements at a minimal cost compared to setting up new in house departments and employing staff to manage the process.
The question most asked by companies is “My staging date is not for another couple of years why do I need to act now?”
The staging dates that have been allocated to UK firms range from October 2012 to September 2016, the smaller the firm, the later the staging date.
With an estimated 600,000 companies reaching their staging dates during 2015, the advantages of jumping the inevitable queue and avoiding the heavy penalising charges are compelling for a lot of companies.
Auto-enrolling earlier than required will guarantee full compliance and add a host of benefits not normally available to employees of SME firms. By acting now, your business can pre-book its place in the queue, ensuring that you are 100% ready for your staging date without incurring unnecessary expense between now and implementation.
The possibility that these options become unavailable to implement within a few months of your staging date due to the expected demand on providers remains high.
For more information please call or alternatively send an email via our Contact Us Page.
We look forward to helping you through the maze of Auto Enrolment!