Workplace Pensions

  • Posted on: 30 December 2015
  • By: Admin

Large and medium employers have already started auto-enrolment with mixed results, with smaller businesses being staged up until 2018.  Currently the opt out rate is less than 10%.  This will add another financial burden onto already struggling smaller companies. 

When is your auto-enrolment start date?  You should receive a letter a year before letting you know to prepare.  There is a lot of administration work involved in assessing your workforce and determining who is eligible for the workplace pension.  Are you prepared?

Which pension scheme to choose?  A lot of the large pension companies are turning away smaller employers, making the choice limited.  Only one Pension Company is legally obliged to take on pensions, but are they right for you?