Insurance and Financial Solutions Since 1932

EMPLOYEE BENEFITS

Auto-Enrolment – the new workplace pensions legislation

What is it?

Since October 2012, the law requires all employers to enrol eligible staff into a qualifying workplace pension scheme if they are not already in one. Both employer and employee will have to make contributions into the scheme.

The National Employment Savings Trust (NEST), a new, low cost, Government-backed pension scheme, is available for any employer to meet the regulations, but is just one of a number of solutions available.

Each employer will have been given a staging date by which they must implement Auto-Enrolment.

The impact on your company

You cannot ignore Auto-Enrolment. Its rules are complex and far-reaching and will affect all employers and many of their processes. Compliance will be challenging and fines for non-compliance could potentially be substantial.

Auto-Enrolment is not just about pensions. It is also about payroll, increased administration, data management, HR systems, employee communication and the considerable financial impact on your company. Preparation will require excellent project management and coordination. Its implementation will mean many employers will have to review their whole benefits programme. 

How Brunsdon can help

Auto-Enrolment demands expertise and qualified advice to enable you to plan ahead to meet your staging deadline. As specialist Employee Benefits consultants, we are fully conversant with all aspects of Auto-Enrolment and can help you plan and manage your responsibilities.

This is what we call ‘Smart Broking ™.’

Please download our Auto-Enrolment Guide.

Find out more with our Auto-Enrolment FAQs.

Talk to us today. Please contact us on the number below or via our on-line form.

Brunsdon is the trading name of Brunsdon Financial Services Ltd. (Reg. No. 03434005), Brunsdon Insurance Brokers Ltd. (Reg. No. 03433998), Brunsdon Asset Management Ltd. (Reg. No. 07098607) and Brunsdon Auto-Enrolment Solutions LLP (Reg. No. OC402486). All companies are registered at Goodridge House, Goodridge Avenue, Gloucester GL2 5EA. Tel. 01452 623623 E-mail. enquire@brunsdon.co.uk. Brunsdon Financial Services Ltd. and Brunsdon Insurance Brokers Ltd. are authorised and regulated by the Financial Conduct Authority. Not all products and services offered are regulated by the FCA. The FCA does not regulate tax advice.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore restricted to consumers based in the UK.

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