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June 2017
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Business

Auto_enrolment and workplace pensions

Auto-enrolment for Businesses

Demystifying auto-enrolment.

As an employer you will be affected by auto-enrolment and the recent changes to pensions legislation. You have a duty to provide, and contribute to, a qualifying pension scheme for all eligible employees.

The whole process is being rolled-out in phases. Some of you will have already started the process whilst others have yet to reach their staging date. It is expected that all eligible employees in the UK will automatically be enrolled into a qualifying pension scheme by 2018.


Staging dates:

Your staging date is the date you are scheduled to start your new pension duties. The date is determined based on the size of your company. If you don’t know what this date is you can find out on the government website.

The Pensions Regulator (TPR) suggests you give yourself 12 months before your staging date to get everything in place. We can help you understand your duties and find a suitable pension product if you don’t already have one. We can also help administer your pension should you need us to.

To find out more about auto-enrolment and how it will affect you and your company our expert team of financial advisers would be pleased to meet with you and look at your options. Please contact us for a free initial consultation.

Lovewell Blake Financial Planning Limited is a firm of independent financial advisers authorised and regulated by the Financial Conduct Authority.


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Helpful documents

Is your company prepared for pensions reform?
How we can help you deal with pensions reform.
Download
 
What does pension reform or auto-enrolment mean to you?
A look at how auto-enrolment affects you.
Download
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