New Pension Rules Strategy Pack
One of the first considerations for all businesses is to examine how the new rules, introduced by the government, surrounding Pension Reform will affect them and what the cost implications will be. Some existing company pension schemes may be a “qualifying scheme” and only a small number of changes will need to be made. However, other schemes may require significant changes.
Pension Guide for Employers
We have produced a pension guide, which is designed to assist in understanding employer duties and responsibilities, enabling you to begin planning a strategy in becoming compliant. Should you require further information please contact us for a free review.
The Government in the UK has introduced new rules for pension reform. These changes will be some of the biggest the financial services industry has faced.
All companies in the UK will have to offer their workers a company pension scheme, where they will be auto enrolled into the scheme and have contributions made on their behalf. The government has set up its own product for companies who do not already have a qualifying company pension called NEST (National employment Savings Scheme), which can be used instead of a Group Personal Pension or a Stakeholder pension.
Our free Pension Guide is designed to help employers understand how to prepare for auto enrolment and their duties leading up to their staging dates. Our guide details companies staged introduction dates based on the number in their PAYE scheme and the PAYE reference numbers.