Auto Enrolment nightmare looms

posted on August 11, 2015in the Blog Category

Auto Enrolment nightmare looms

Employers in the UK are facing the biggest administrative headache that they have faced for many years as their auto-enrolment (AE) staging dates approach. Please see our FAQ's that highlights the scale of the problem and the difficulties that employers will face.   However, do not despair, MBL in conjunction with our Independent Financial Adviser subsidiary have developed an end to end solution that deals with all aspects of AE from payroll preparation right through to paying funds across to the chosen pension provider.   Our solution offers the following benefits:-  

  • Preparation of payroll via our payroll bureau service.
  • You will experience a seamless link from payroll through our AE management system and then on to the pension provider.
  • AE management software assesses your work force and covers all AE requirements.
  • AE management software alerts us/you to a change of employee circumstances (change in age group or salary level that may bring them in to AE).
  • All AE documentation managed by MBL and issued to your employees from our AE management software from now, through your staging date and beyond.
  • Deals with opt-outs & three yearly reminders re opting employees back in.
  • Provides online access to specialist advisers to deal with all your employees’ questions.
  • Deals with all submissions to the Pensions Regulator, including that required for exempt Companies to satisfy their obligation to notify the Regulator that they are exempt.
  • Setup of a pension scheme with the most appropriate pension provider.
  • Submission of information through to the chosen pension provider.
  We are actively encouraging employers to take up our solution now, well ahead of staging dates and the mad scramble as the number of employers that must deal with AE increases. The following are key points in this respect:-  
  • Monthly initial cost from as little as £1 per employee, plus a modest one off set up fee, for our AE management service (in addition to our payroll processing charges), which will also enable you to access the benefits below.
  • Joining the scheme provides access to significant discounts on shopping for your business and its employees from 1000’s of businesses across the UK including Asda, Sainsbury’s and Apple.
  • The scheme will be set up now and ready to go live on your staging date. Our software partners guarantee that if you are in the scheme in advance of staging date then our solution will manage all your AE needs.
  • By setting the scheme up early we can instigate some planning that will save you up to half of your first years’ contribution costs to pensions on behalf of your employees.
  If you would like to know more about our solution and the costs involved please e-mail us at info@mbl.solutions.

Written By: MBL

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