As a consequence of the changes to workplace pension legislation, all employers will be required to ensure more of their employees have a pension in place.
The term and phrase Auto-enrolment has come about and is being widely used as it refers to the process and requirement whereby employers will need to automatically enrol certain employees into a pension scheme.
Where Allotts Financial Services Can Help
As pension’s specialists, the team at Allotts Financial Services Limited are able to guide and support you through the process of establishing an Auto-enrolment scheme that meets your needs and those of the Pension’s Regulator. We can provide:
- An initial consultation - An assessment is made of the workforce and a bespoke report is prepared to ascertain the impact Auto-enrolment will have on the organisation from a financial and administrative perspective
- Research and Recommendations - Our financial team research and recommend an appropriate scheme to meet Auto-enrolment requirements
- Employee Clinic with Auto-enrolment Solutions/Recommendations
- Scheme Implementation - Providing support and assistance with the full implementation process to integrate the scheme structure
Fees for the above are charged on a time spent basis with fee quotations provided on request and prior to commencement of any work. For a free quotation and an indicative fee proposal please contact John Moseley/Sharon Lound on 01709 828400 or alternatively email: firstname.lastname@example.org.
Other than introducing the scheme itself the biggest impact on the organisation will be that on its payroll procedures, processes and record keeping. If you use an in house payroll system such as Sage Payroll, then one of our sister company Allotts Business Services Ltd’ Sage Specialists (Allotts are a Sage Accredited Accountant Partner) can provide advice and support as required. If you wish to consider outsourcing your payroll, Allotts Business Services Ltd offer a comprehensive payroll service that is fully RTI and Auto-enrolment compliant. For a free quotation please contact your regular Allotts contact or email: email@example.com.
Employee Status And Contracts Of Employ
As part of the process of adopting Auto-enrolment you will need to review contracts of employment, the employee handbook and your process of employee engagement to ensure they are compliant and that they take into account the changes.
For any HR issues or services why not speak to our HR experts in our sister company (Allotts Business Services Ltd), Tracey Barker or Debra Bonewell on 01709 828400 or email: firstname.lastname@example.org.