Auto Enrolment & Corporate Pensions
According to the Pensions Regulator, more than 10 million workers have been enrolled into a workplace pension scheme since Auto Enrolment was first introduced in October 2012.
Compliance has been high and opt-out rates have been low which, according to Amber Rudd, secretary of state for work and pensions:
“is an extraordinary success story”
To ensure this success continues, we are able to assist companies with any of the following:
New companies
With immediate duties from the first day you employ someone, we can research the market to find the most suitable pension provider and help you implement your new pension scheme within the short timescales required.
Secondary Market
For companies that have already met their duties, now might be the right time to review the choices you made to ensure that your pension scheme (and provider) remain fit for purpose.
Re-Enrolment
Although less onerous than completing auto enrolment for the first time, there are still a number of tasks employers need to complete at their triennial re-enrolment date. We can help ensure that the systems and processes are in place to maintain your compliance and inform the Pensions Regulator that you have done so.
Salary Sacrifice
The use of salary sacrifice provides an ideal opportunity for both employers and employees to make savings on the cost of their pension contributions. At a time where contributions may be increasing for both parties, this perfectly legitimate method of paying into a pension can be used to minimise the impact.
If you require any further information, please feel free to contact the Tavistock Employee Benefits Team.
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Tavistock Employee Benefits is a trading style of Tavistock Private Client. Tavistock Private Client Limited is authorised and regulated by the Financial Conduct Authority, FCA number 210782, and is a wholly owned subsidiary of Tavistock Investments Plc
Registered in England Registered Office: 1 Queen’s Square, Ascot Business Park, Lyndhurst Road, Ascot, Berkshire SL5 9FE. Company Number 04298592
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