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DC Scheme consulting
DB Scheme consulting
Pensions strategy for providers
Member communications
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Pensions administration consulting
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How we can help

We can help you avoid being one of the thousands of employers issued with a £400 fine for failure to comply with your duties under auto-enrolment.

Identify workers
Help you assemble reliable data to identify and assess your workers.

Contribution schedules
Provide you with cost estimates on various contribution bases and possible take-up rates.

Scheme selection
Confidently guide you through the decision-making process so that you arrive at an auto-enrolment scheme that’s right for your business.

Scheme implementation
Help you co-ordinate implementation activity across your business as part of your team.

Communication
Help you in your communication to your workers and ensure auto-enrolment administration is effective for workers, HR, Payroll, Pensions, Finance and third-parties.

Specialist support
Help professionals, such as accountants and solicitors, who require specialist support to enable them to service their clients.

Auto-enrolment – already staged

If you’ve already staged, you’ll have a better understanding of what’s involved in complying with the complexities of auto-enrolment legislation.

Whilst many organisations spent a lot of time and effort in getting their systems and processes in place, the auto-enrolment market was completely new for employers and suppliers. Many lessons have been learned since auto-enrolment was introduced in 2012 and the market and solutions have changed considerably.

Are you confident that:

  • You are meeting all your legal requirements, including legislative changes introduced since your Staging Date?
  • Your suppliers and providers continue to offer the right solution for you?
  • Your pension arrangements are strategically sound and sustainable, and are perfectly aligned to your HR strategy?
  • You properly assist members to access their options under pension freedoms?
  • You haven’t overlooked your legacy pension arrangements?
  • You have considered the full impact of current and possible future charge capping on DC investment funds?
  • You are ready for the requirements of re-enrolment?

How can we help?
We have worked with some of the UK’s largest employers with complex processes involving multiple payrolls and providers, both before and after their staging dates. We can steer you away from many pitfalls and bring our experience to help you improve auto-enrolment compliance and processing:

  • Assess the current efficiency of the systems in your HR, Payroll, Pensions and Finance functions, including performing a regulatory review.
  • Help you understand and review the market for the latest features and benefits.
  • Co-ordinate any new implementation activity across your business (HR, Payroll and Finance) acting as an integral part of your team.
  • Review your communication approach to your employees.
  • Provide ongoing technical support and back-up.

We also help fellow professionals, such as accountants, solicitors and IFAs, who may require specialist support to enable them to service their own clients’ ongoing needs.

Auto-enrolment – not staged yet

Auto-enrolment is the biggest change to pensions in the UK since the introduction of the State pension. It means that all employers must put their employees into a workplace pension scheme and contribute to it. Whilst large and medium sized companies having already implemented auto-enrolment, more than 900,000 smaller employers will need to enrol in 2017 and 2018. What’s more the minimum level of contributions from both employers and employees will also increase in April 2018 and April 2019.

We totally understand why many smaller companies have ignored this until now, as arranging a pension scheme is unlikely to reach the top of your priority list until it’s absolutely essential. However, in our experience, auto-enrolment can present a real challenge both for payroll and administration staff and systems. It’s particularly important to have a strategically sound and sustainable approach when it comes to pension provision.

How can we help?

Having already worked with some of the UK’s largest employers on auto-enrolment we are now using this experience to help smaller employers. We can bring this experience to help you assess the impact auto-enrolment will have on HR, Payroll, Pensions and Finance. We can help steer you away from the many potential pitfalls and help you implement your auto-enrolment project successfully.

Crucially, we can:

  • Help you assemble reliable data to identify and assess the eligibility of your workforce.
  • Consider the likely costs and retirement outcomes of different contribution options and take-up rates.
  • Help you review the provider market and select a pension scheme that meets your needs.
  • Guide you through the decision-making process so that you achieve an auto-enrolment scheme that’s right for you and your employees.
  • Help you co-ordinate implementation activity across your business.
  • Help you to communicate the changes to your employees.
  • Help to ensure auto-enrolment administration is effective for workers, HR, Payroll, Pensions, Finance and third-parties.
  • Provide ongoing technical support and back-up once you are up and running. 

We can also help fellow professionals, such as accountants, solicitors and IFAs, who may require specialist support to enable them to service their own clients’ needs.

Being prepared well in advance is vital to successfully implementing auto-enrolment and the use of the longest possible lead in period will help to maximise success.