Under new rules that began to be phased in from October 2012, employers are required to automatically enrol all eligible members of staff into a workplace pension scheme and pay a minimum contribution into the arrangement for the employee’s benefit. This has been described as the most radical change to employee benefits since the introduction of the National Minimum Wage.
We have invested considerable resources into the Auto Enrolment process. As a starting point we urge employers to read this brief guide to understand the employer obligations and the work involved.
Based on the experiences of companies who have staged, employers should begin the Auto Enrolment process at least 12 months prior to their staging date.
For further information on when your staging date is, or for a free initial consultation, please do not hesitate to contact one of our consultants on 020 7472 5555, or here.