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Providing pensions to the workforce can prove to be tricky for businesses of any size company. Legally, an employer must auto-enrol eligible workers into a pension plan at their staging date, which continue to be rolled out until 2019. Businesses must remember that failure to comply with this legislation could lead to them having to face considerable fines for failing to follow the rules in a timely fashion.
As we head into the age of mandatory workplace pensions, it is imperative that you as an employer are on top of this important task. If you neglect to implement a workplace pension scheme before your set deadline, you can face harsh financial penalties that could spell the end of your business.
If the idea of calculating your pension payments, optimising your investment strategies and assessing your risks sounds boring – well, you’re not alone!
Carey Pensions cares; it cares about its customers and wants their experience when dealing with the team to be positive and caring.
When it comes to planning for your retirement, you only get one shot.
As an employer, it is your duty to ensure that you practice clear and consistent communication with your staff.. This is important when it comes to all relevant workplace issues, but can be especially vital when talking about pension schemes and auto enrolment.
PARTNER WITH CAREY CORPORATE PENSIONS FOR YOUR WORKPLACE PENSION
2016 SIPP 5 star Defaqto rating
2016 Auto-enrolment 5 star Defaqto rating
Christine Hallett, CEO, Carey Pensions UK discusses the use of SIPPs by Wealth managers and the need for wealth managers to consider the use of SIPPs in the overall wealth planning for clients.