Workplace pension legislation and the way benefits are provided have changed so much over recent years that many employers feel that they are no longer in total control of this important employee benefit. Additionally, the introduction of automatic enrolment in 2018 has had an effect on all employers, big and small. As a director or business owner, it is your obligation to understand this legislation, what the process is, how it works, what duties you must comply with and when to take action.
At McMillan Wealth Consultants, we work closely with employers to ensure:
- You understand the requirements surrounding auto enrolment pension contributions to ensure you are compliant with legislation
- You are aware of the extra administrative burden as a result of auto enrolment
- When seeking to recruit new staff, the workplace pension scheme offered by your company will enhance the package on offer, therefore supporting the recruitment and retention of high-quality employees
- You are in the best possible position for any future changes, whether in legislation or specific to your company.
We have access to carefully selected, market leading workplace pension providers, allowing us to advise on a range of pension products. Our wealth management consultants can assist you to make the administration of automatic enrolment as straightforward and painless as possible, as well as ensuring your pension scheme is the right choice for your company.
For details about pension auto enrolment, or more information on how we can help simplify your workplace pension arrangements, please contact us today.
The value of a pension will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.
Please note that auto enrolment pensions are not regulated by the Financial Conduct Authority.