Over the next year, tens of thousands of small employers will need to be ready to meet their automatic enrolment responsibilities.
The Pensions Regulator is urging all of these companies to act now!
Not only do they want to ensure employees get the pension savings that they’re entitled to but also because failure to comply could result in a hefty fine.
As an SME, you may not have the resources you need to deal with these new and additional responsibilities. And even where you do have the resources available, the likelihood that you have an employee department with the necessary knowledge or expertise to be fully aware and up to date with the regulatory requirements is pretty unlikely. As a result you may find it more challenging to incorporate these new duties into your day-to-day business than you think.
Pensions are complex and legislation is constantly changing so it poses a challenge for most employers to stay up to speed. With the new rules on workplace pensions and auto enrolment, getting your approach wrong could be extremely costly.
We recognise this and are in a position to help as much as possible; we have organised an “Auto Enrolment Clinic” on 26th November where we will have Jemma, our fully qualified Pensions Adviser, in our office to explain exactly what auto enrolment means to you and your business.
So make sure you know exactly what you need to do and by when.
To take advantage of a 1-2-1 meeting at our “Auto Enrolment Clinic” please contact us on 0113 385 4656 or email enquiries to hello@notjustnumbersltd.co.uk