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Auto enrolment - ensure you successfully ride the pension wave and avoid costly penalties

Be prepared ahead of the crowd!  A massive 1.2 million businesses are set to start staging for automatic pension enrolment from June 2015. There is a vast quantity of information available and employers are becoming confused and overwhelmed as to their new responsibilities and penalties for non-compliance.

It is the employers responsibility to ensure that there is a compliant scheme in place and that the correct employer contributions are paid.

If you already have a workplace pension scheme in place you will need to check with your pension provider to see if it can be used for auto-enrolment.  If you need to select a pension provider then there are several options open to you. One of these options is the National Employment Savings Trust (NEST) which has been set up by the government.  More details can be found at www.nestpensions.org.uk

Implementing any new system can be a daunting  experience to grasp and for many employers this will be the first  pension scheme  for their employees, so if you need further help or advice , or  have recently received a staging date letter from the Pension Regulator and are unsure as to what the next steps are, then please contact Esme Shakeshaft [email protected]