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Meet Chris, the Systems Penguin for Carey Corporate Pensions Ltd.
If you are a small business owner in the UK, by now you have heard about the new requirements for workplace pension schemes launched across the country. For the first time, those who own businesses of any size will be required to enrol their employees in mandatory pension schemes.
Over half of the British population admits to either not saving for a pensions or not saving enough for retirement...
The recent changes to the UK pension schemes mean that clear and effective communication in the workplace is more important than ever. As the owner or manager of a small to medium sized business, it is integral that you provide comprehensive information to all of your employees about their pension options.
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.