Between January 2016 and March 2018, the number of employers reaching their staging date will average more than 120,000 a quarter, reaching over 200,000 in the first few months of 2017. As the large volumes approach, the number of advisers able to implement a cost effective scheme will reduce. Therefore, it is vital you start planning early.
Implementing the pension scheme and declaring 33 mandatories to The Pensions Regulator is only the beginning. From your staging date onwards, you will have monthly compliance duties to fulfil.
Fear not, as with the help of our third party provider FT Associates can help you with the complex end-to-end process to ensure you are fully compliant. From finding the right pension scheme for your business to submitting your Declaration of Compliance, we can guide you through the implementation process and beyond. Ultimately, we are here to give you peace of mind so that you can concentrate on running your business.
Benefits of Auto Enrolment
- Avoid £400 immediate fines escalating to £500 per day for non-compliance
- Guaranteed reduced price for early pension scheme sign-up
- Pre-stage lock-in... sort the problem early
- Guaranteed compliance
- Peace of mind