All employers are obliged to establish a Workplace Pension scheme and to Automatically enrol their Eligible jobholders into the scheme from their Staging Date.

As Workplace Pensions and Auto-enrolment specialists, our objective is to offer an holistic service to Small to Medium size Enterprises (SME’s). Our aim is to ensure that SME’s are able to fulfill their new “Employer Duties” efficiently and with the minimum fuss. We will work with you to develop a solution which meets the needs of you and your employees. This will ensure that you are ready to act on your Staging Date.

Compliance with your new Employer Duties is a Ten Step Process:

  1. Determine your Staging Date
  2. Nominate a Point of Contact
  3. Create an action plan
  4. Assess your workforce
  5. Confirm the of your Pension Scheme design
  6. Select a suitable Provider.
  7. Confirm your Default Investment Strategy
  8. Tell your employees what is happening.
  9. Automatically-enrol your Eligible jobholders.
  10. Pay contributions

Once you have set up your Workplace Pension Scheme you will the have a number of further actions to take.

  1. Complete your Declaration of Compliance for The Pensions Regulator.
  2. Refund contributions to employees who Opt-out
  3. Collect contributions from employees who Opt-in

Thereafter you must continue to comply with your Employer Duties

  1. Maintain Records
  2. Continue to assess your workforce every pay reference period
  3. Re-enroll any Opt-outs every 3 years
  4. Comply with any future changes to the legislation

 

 

Frequently Asked Questions

The concept of a Workplace Pension Scheme was introduced by the Pensions Act 2008.  All employers in the UK are required to establish a Workplace Pension Scheme on their Staging Date.  On you Staging Date and each subsequent Pay Period you must carry out an Assessment of your employees.  The employer must deduct a contribution from the earnings of all their Eligible Employees and pay this to the scheme along with an employer contribution.   A process called Automatic enrolment.

forrest_logoExcellent company to deal with very customer friendly and the return on staff Pension Scheme has been very good in very difficult economic conditions.

Have remained our Pension Adviser because of this and I would have no hesitation in recommending them to a company or individual.

Tom DeaconFinance DirectorForrest Furnishing