We have already begun the move into a new world.
For the first time employer pension contributions, outside of the national insurance system, are becoming mandatory. Statutory requirements are set to place a significant burden on employers over the next few years and it is essential that employers plan a route towards compliance without delay.
Timely action will help ensure your business is not overburdened when your staging date becomes imminent, and we are here to help your not only comply with the new requirements, but extract the best possible value for your business.
Planning & Strategy
We provide a review of your existing arrangements to establish their suitability for auto-enrolment. Alternatively if there are no current arrangements in place we would develop an auto-enrolment strategy with you, providing:
- Advice on contributions and segmentation of staff
- Recommendations on the most suitable pension provider
- Technical support to help you review and, if necessary, update your payroll and HR systems to ensure efficient administration and compliance
We support you right through the implementation stages by:
- Helping you communicate to all employees ensuring they understand why this is happening, what it means for them and when it will be implemented
- Assisting staff with knowledge on pensions generally and specific fund selections
- Working with your HR and finance teams to ensure efficient record keeping and system usage
Our support does not end when your scheme is in place; we provide support vital to ensuring ongoing compliance by:
- Communicating to all new staff and reviewing their individual pension position and fund selection
- Assisting HR and finance teams with any necessary changes or improvements
- Reviewing your workplace pension to ensure the chosen scheme is delivering in line with budgets and expectations
- Ensuring best practise and engagement with staff continues and your scheme delivers in terms of recruitment and retention
Wilsons have helped many organisations to prepare for the Workplace Pension Reform. We have moulded our service to provide a top quality consultative approach to make sure every client gets exactly what they require.