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.

I recently retired after 17 years as Chief Executive of Support in Mind Scotland, a medium sized Scottish mental health charity.  The organisation has long recognised the importance of accessing independent financial advice prior to retirement and has had an arrangement with Corporate Benefits for a number of years to offer this service to its staff. In my personal experience, the company does exactly what it says on the tin! I was given very helpful, accessible advice.  Iain McCallum was not only proactive in his approach; he was also very responsive to any queries I had.  I was made aware of the various options available to me, including enhanced annuities.  As a result, I improved my net retirement income by 35%, a not inconsiderable amount. As well as receiving guidance with the personal pension arranged through my employer, I also benefited from assistance with the administrative process for other existing pensions. Overall, Corporate Benefits transformed what can be a stressful and confusing experience into one that was straightforward and easily understood.  I would happily recommend them to others.  
Mary Weir (former) Chief Executive Support in Mind Scotland