New regulatory requirements are in effect which require employees to be put into a workplace Pension Scheme with a contribution from the employer.
This obligation on your part as the employer is what makes it ‘automatic’ for employees;- they’ve no need to request or process anything as they are entitled to be enrolled by law.
The responsibility to implement the right strategy is all yours and each employer has a different date by which they must ensure Automatic Enrolment is in effect (called the “staging date”). Implementing Automatic Enrolment involves assessing your employees to see which of them meet the specific criteria, identifying and selecting a pension scheme and advising each member of staff.
Courtiers is helping organisations that realise Automatic Enrolment is just another change in rules and regulations. It’s not something employers need necessarily concern themselves with, but something they can appoint Courtiers to manage from setup to implementation and ongoing management.
To learn how Courtiers could make compliance with Automatic Enrolment simple for your organisation, get in touch to arrange a consultation.