Wealth Management - Financial Advice and Information

Offices throughout the UK,
call us for expert financial advice - 0800 614 997

Auto Enrolment Pensions

DID YOU KNOW: From 2012 all employers with one worker or more will be required to enrol all eligible jobholders into a workplace pension scheme & also make an employer contribution. This is known as automatic enrolment. This is the first time employers have been required by law to contribute to their workers’ pensions.

SIPP's
the pension where you're the contributor & investor

Occupational Pension
employer pension plan

Personal Pension
choose the right pension

Pension Release
release cash early

Stakeholder Pension
low cost pension plan

Group Pension Plan
company pension plan

Auto Enrolment Pensions
find out the basics

Income Drawdown
an alternative

Employers need to choose a pension scheme that meets certain Government standards. To qualify, minimum contributions must be made into the scheme. Regardless of the pension scheme the employer chooses, they must give their workers factual information such as: they are going to be enrolled into a pension scheme; what that pension scheme is and the amount of contributions they will have to pay.

There will be over ten million individuals who'll be eligible for automatic enrolment, so pension providers will be processing an unprecedented amount of workers. To ensure the automatic enrolment process works smoothly and that workers are automatically enrolled on time, employers will need to approach their chosen pension provider in plenty of time to ensure their required scheme is set up in time. This is where we can help, contact us immediately, don't delay.

more info on Automatic Enrolment Pensions

National Employment Savings Trust (NEST) is critical to the success of automatic enrolment. NEST is open to all employers and has been designed to offer simple, low cost pension provision to those on low to moderate earnings, thus addressing the needs of small employers in particular.

Advice & Information Although NEST will generally be subject to the same legal requirements as other occupational pension schemes, certain differences will apply, in particular:

it will accept all employers who wish to use it;
to limit its impact on the existing market – there is a cap on member contributions and it cannot transfer pension rights from or to other schemes. The Government will review these limitations in 2017;
it will offer the same low charge to all members, regardless of whether they work for a small, medium or large employer. Its low charge – broadly equivalent to a 0.5 per cent Annual Management Charge – is comparable with those currently available to members of large workplace schemes
it will ensure employer and member representation.

As NEST is such a large and diverse scheme it will not have traditional member-nominated trustees but employer and member panels.

Download Auto Enrolment PDF Fact Sheet

First name:	Surname:
Email:	Daytime Telephone:
Evening Telephone:	Postcode:
Date of Birth:	Intestested In?

You voluntarily choose to provide personal details to us via this website. Personal info will be treated as confidential by us and held in accordance with the Data Protection Act 1998. You agree such personal information may be used to provide you with details of services and products in writing, by email or by telephone.

wealth management - sitemap - privacy policy