01283 761866

Automatic Enrolment

Radical pension reforms affecting all employers were introduced in 2012. Employers will be forced to enrol all eligible employees, not already in a pension scheme, into a qualifying workplace scheme. This could be NEST – National Employment Savings Trust – a new national pension scheme, or a suitable alternative company scheme. The reforms also require the employer to make a contribution to the chosen employee workplace pension scheme. 

What will you need to do?
 
  set up and register a pension scheme suitable for automatic enrolment
  automatically enrol certain workers (known as eligible jobholders) into that pension scheme
  arrange membership of a pension scheme for certain other workers
  make contributions for eligible jobholders and certain other workers
  manage the automatic enrolment, joining and opt out processes
  provide specific information to workers, pension scheme providers and The Pensions Regulator (TPR)
  keep records of how you have fulfilled and continue to fulfil your duties.
 


When?
 
Largest employers will have to comply first, starting in October 2012.  The date you will have to be ready is determined by the number of employees in your largest PAYE scheme on 1 April 2012 and your PAYE reference number and is known as your staging date.  To find out your staging date please complete the contact form.
 
We recommend you start planning for the changes at least 18 months before your staging date.
 


How?

Jay Financial can offer a number of solutions to help you including:
 
✔  Attend one of our free events, currently available in Derby, Bakewell and Burton on Trent
✔  Reserve a place on a full day course, currently available in Derby
✔  Review your existing pension scheme
✔  Bespoke 1-2-1 training and implementation at your premises for you to use a national pension scheme and manage the communications in-house
✔  Full advice and training to you and communication with your employees with an ongoing service commitment to you
 
For further details of any of our solutions please telephone or complete the contact form.

Regulatory Statements

Jay Financial is authorised and regulated by the Financial Conduct Authority

FCA Firm Number: 450655

Telephone : 01283 761866

Partners (advising) : Jacqueline Fancourt

Partners (non-advising) : William Fancourt

The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted to customers in the UK.

To visit the FCA consumer website - The Money Advice Service - please click here

To verify our status with the FCA, click here and key in our FCA number: 450655