Our next event

Retirement Planning Workshop (19 March 2019)

March 2019
View details

Our next event

Retirement Planning Workshop (19 March 2019)

March 2019
View details

Auto-enrolment: Are you ready?


By: Lovewell Blake Financial Planning Date: 26 January 2016
Category: Article,Lovewell Blake Financial Planning

According to the National Audit Office, 5.4 million eligible workers were enrolled in pension schemes by their employers between October 2013 and August 2015. This is a staggering number, but only really accounts for the employees of larger UK companies. The vast majority of employers have still not started their auto-enrolment process.

1.8 million smaller and medium sized employers are required to enrol their workers by 2018. It is important, if you are one of these employers, that you start thinking about how this affects you and your employees sooner rather than later.

As an employer you have responsibilities that need to be met in order to fulfil your duties. This goes beyond simply setting up and paying into a pension for your employees. You have regular, ongoing duties to perform around reporting, assessment and communication to staff. To date, over 500 employers have assumed they have discharged their duties correctly, only to find themselves receiving non-compliance fines.

We have successfully helped 200 organisations with establishing, or in some cases converting, eligible pension schemes for their employees. Our experienced team of advisers and administration staff can support you through every stage of this process.

If you are unsure of what is expected of you, we are hosting a series of useful seminars in February , alternatively please call Hayley Sharman to arrange a consultation, free of charge, with one of our experienced financial advisers on 01603 619620.
 
Search our archive

Listen out for @LbtaxMary on @BBCNorfolk this evening. She will be on air at 5.40pm for Teatime Money. t.co/v1vBs42mPr
4 hours ago

Are you a GP practice manager looking for advice on staff retention and engagement? Book your place at our upcoming… t.co/HDxJtkxoqX
7 hours ago