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Auto-Enrolment
If you employ one or more staff, you are required by law to automatically enrol employees into a workplace pension, you will also be required to pay pension contributions for any employee who joins and remains in the scheme.
Auto-enrolment legislation is relatively complex and the requirements it imposes on businesses that employ people will be considerable.
To understand the various aspects of the new pension legislation we have produced a guide to auto-enrolment which is free to download.
The guide is not a technical guide, it is written to provide a ‘top-level’ outline of all the key factors and to suggest how employers may best deal with the new legislative requirements.
It covers:
- What auto-enrolment means for businesses
- The generation divide
- Employers’ duties
- Contribution levels
- Types of schemes
- Existing pension schemes
- Advice and help
The Alan Boswell Group Difference
We aim to build long-term relationships between our clients and our qualified independent financial advisers. Our advisers will take the time to find the right pension for your employees.
Auto Enrolment in detail
We recommend the starting point for your AE journey is finding out when your business is due to join the auto-enrolment scheme. To do this visit The Pensions Regulator.
Using our knowledge and expertise, we can help you to:
- Ensure the right information is provided to your workforce at the right time
- Reduce your team's workload
- Ensure the best possible scheme is put in place for your workforce
- Ensure you comply with all legislative matters
- Offer advice to your employees, including individual advice
- Avoid regulator fines
We have a wealth of expertise in this challenging area and have a team dedicated to supporting businesses needing help with auto enrolment. They include advisers specialising in this complex area, a support team, and designated project managers, ensuring that someone is always available to provide assistance.
We can offer a service tailored to your needs, varying from a bespoke project management system to a ‘How to’ manual, which will guide you through the whole auto enrolment process.
Guide to Auto Enrolment for employers
Alongside our free guide we have prepared a comprehensive self-service manual.
This “How to” manual covers the many aspects of automatic enrolment in terms of the practical application of the legislation to enable an employer to meet their responsibilities. Additional support is available on a time cost basis, if required.
We offer access to our manual for a fixed fee of £250 (plus VAT). This will include access to any updates to the manual.
Contact us today for access to the Alan Boswell Group auto-enrolment manual.
AE service options
We are able to offer various options to help you on your AE journey
Bespoke project management service
A complete ‘end to end’ solution. Hand-holding you all the way from the initial preparation phase to the Declaration of Compliance, which must be completed, at the latest, five months after your staging date.
We also offer access to an ongoing review service to ensure you continue to comply with the new legislation in terms of on-going governance requirements and triennial reviews.
Fixed fee
We charge a fixed fee, the cost of which will depend on the complexity of the work required. An individual quotation will be provided.
Time costed
Our current hourly rates:
- Directors/Senior Consultants £225 per hour
- Consultants £175 per hour (plus VAT)
- Financial Planner Assistants £90 per hour
Ongoing Review Service
We will agree the cost of the review service with you.
Daily rate
£1250 per day/£900 half day (plus VAT): consultancy support, staff workshops, seminars, individual meetings.
FAQs
-
The government has created three categories of workers with different rights.
These categories are: eligible jobholder, non-eligible jobholder, and entitled worker.
Many people will be ‘eligible jobholders’, which means they are aged between 22 and State Pension age and earn more than £10,000.
All ‘eligible jobholders’ will be automatically enrolled into the pension scheme. We can confirm what applies to the different categories of workers at your business.
-
Both the employer and the employee will need to contribute into the pension plan. You will need to write to your employees before this happens to tell them when the contributions will start. This is something we can assist you with.
Get in touch
Adam Revell
Senior Financial Planner
Adam began his working life in financial services at Norwich Union (as it was back in 1997), where he worked as a Life & Pensions…
Dee Myhill
Senior Employee Benefits Consultant
Dee initially completed her A Levels in sport and graphic design, however when considering her career path she decided to join Norwich Union (now Aviva)…
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