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The Workplace Pensions Reform introduces new duties and safeguards that employers must adhere to. Employers are required by law to automatically enrol all eligible workers into a workplace pension and make a contribution to it.
This process is already underway for organisations that employ a large number of people and the next phase of this process is now impacting smaller businesses.
We strongly believe that employers need to give serious consideration to the implementation of a workplace pension in order to be compliant with the Auto Enrolment timetable. This will involve substantial consideration and effort, will not be short and must begin early if you are to have a realistic prospect of achieving implementation in time for your 'Staging Date'.
It is only when you begin to research the process that an understanding of the timeframe involved is gained.
The Workplace Pensions Reform introduces new duties and safeguards that employers must adhere to. Employers are required by law to automatically enrol all eligible workers into a workplace pension and make a contribution to it.
The date workers are enrolled depends on the number of employees at your business as of 1st April 2012 and will be complete for all employers employing 2 or more by October 2018.
Leading industry experts suggest you start preparing for Auto Enrolment 12-18 months before your staging date. We offer employers the opportunity to select from a focused or simplified solution dependent upon their needs.