The Pensions Act 2008 introduced changes applicable in 2012 relating to workplace pensions. The onus is now on you as an employer to automatically enrol all eligible jobholders (including temporary staff) who are aged between 22 and the state pension age into a retirement savings scheme.
The consequences of not doing so can be financially crippling to a business, with big fines levied on those companies who do not have an appropriate workplace pension.
The number of eligible jobholders dictates when you must have an auto-enrolment pension scheme in place (staging date).
Given the importance of the above, it is vital that companies receive professional advice on this area.
Blackfriars Wealth Management looks to remove the burden of administration for businesses relating to employee benefits and pension schemes. We will provide a professional service to ensure you are ticking all the right boxes from a regulatory perspective, allowing you to concentrate on running your own business.