Auto enrollment are you prepared?

posted on April 24, 2015in the Blog Category

Auto enrollment are you prepared?

What it means

  • Companies are legally obliged to deal with auto-enrolment and may face large fines if they don’t.
  • Each company has their own staging date, by which time they must comply.
  • 3 different categories of employees, for which different rules apply!
    • Eligible
    • Non-eligible
    • Entitled
  • Employees have the right to opt out but if they do, employers must re-enrol them every 3 years.
Before staging
  • Start planning
  • Find out who to enrol
  • You need the right software in place to help you remain compliant
  • Choose a pension provider
  • You need the right advice to implement auto-enrolment and ensure you benefit from cost saving/avoid the costs of compliance failure.
Here to help Come along to our free seminar to understand what it means to you as an employer and what legally you are obliged to do for your employees. For details on how to book your place or for more information visithttp://www.mbl.solutions/tools-guides/milner-boardman-news/auto-enrolment-here-and-it-affects-you Milner Boardman Financial Streategies is an Appointed Representative of Buckland Harvester Limited which is authorised and regulated by the Financial Conduct Authority.  MBL is not authorised under the Financial Services and Markets Act 2000 but we are able in certain circumstances to offer a limited range of investment services to clients because we are members of the Institute of Chartered Accounts in England and Wales. We can provide these investment services if they are an incidental part of the professional services we have been engaged to provide.

Written By: MBL

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