What auto-enrolment means to you...
From 2012 all UK employers will be required
by law to make a Qualifying Workplace
Pension Scheme available to their employees,
and to auto enrol their eligible employees into
such a scheme.
All employers in the UK will need
to adhere to the new legislation, and make
sure they have processes in place to ensure
they are compliant.
There is no opt-out option for employers.
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Auto-enrolment is likely to be relevant to your business if:
- you do not operate a pension arrangement(s) for all of your eligible employees
- you have a significant number of employees who opt out of the pension arrangement
that you operate
- the pension arrangement you operate does not satisfy the specified quality tests
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Why Cobens?
We are working with all our clients and prospective clients to find the best solution to the whole question around pensions. Looking to see if NEST is the right solution or whether the more traditional
and much more flexible Group Personal Pension scheme would be a better alternative.
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The Cobensautoenrolment.co.uk site is operated by Cobens (www.cobens.co.uk), which is a trading name of Honister Partners
Ltd. This site is intended for UK employers who wish to find out more about the
forthcoming changes to pension legislation and how it will affect them.