At Fraser Heath we provide assistance to UK companies to help them comply with the obligations to their employees as set out in The Pension Act 2008.
These obligations fall under the Auto Enrolment rules
which state that all eligible employees should be joined to a qualifying workplace pension scheme where the employer contributes a minimum statutory payment for these employees. Employers are required to comply with these rules from their Staging Date.
Whilst UK government have established a home for workplace pension schemes under the banner of NEST (National Employment Savings Trust), we believe that in many instances this solution will be unsuitable.
An ideal corporate client for us to work with understands the benefits of making suitable provision for their workforce at retirement.
We offer a free initial consultation in order to learn about the company, its people and structure. At the meeting we can discuss the range of advisory services that we can provide for both the company and its employees. Once we understand which services the client wishes to take up we can provide an estimate of our fees.
Once we agree upon the services to be delivered the fee agreement is signed and we are appointed to provide advice to the company and its employees.
We will then approach pension scheme providers and insurers from the market in order to find the most appropriate home for the pension scheme. We can then provide a formal recommendation and discuss how we communicate with the workforce to ensure that all staff are suitably informed.
Many of the business that we engage with do not need to comply with these new rules for some time. Having conversations now and putting plans in place well in advance of the changes will help with impact on cashflow and deal with any potential administrative or payroll issues.
To understand how we can help your business comply please contact us