We support employers who are struggling with the complex rules of auto-enrolment and re-enrolment. We’ve already accumulated a great deal of experience in guiding clients through this area. And if you’ve already slipped up, we can help you get back on track.
Auto-enrolment and re-enrolment
We simplify the complexities of auto-enrolment to keep your Defined Contribution arrangements compliant with regulations
Every employer must comply with auto-enrolment.
Employers now need to work out which of their employees have to be automatically enrolled into a new type of pension scheme. At first, these rules affected the very largest employers first, but now all employers need to comply.
Unfortunately auto-enrolment is not a one-off job. Assessing who needs to be enrolled has to be done each time employees are paid, and those who have previously chosen to leave the pension scheme have to be put back in the scheme every three years.
Employers need to comply with the communication and record-keeping requirements. They must undertake and submit regular certifications and declarations of compliance. Over time, they will also have to pay for the increase in minimum contributions.
How can First Actuarial help you manage auto-enrolment and re-enrolment?
Beat the regulator ‒ Take a proactive approach to auto-enrolment
We can make sure your Defined Contribution scheme is compliant, and that everything works well, to pre-empt any regulatory action and minimise the burden on your organisation.
Whether you want to take the minimum compliance route, or see this as a chance to engage with your staff and support their retirement plans, we have the knowledge and experience to help you.
Our main consultant has a good style and is able to help people think through options in easy-to-understand terms, and plan for the future accordingly.
– Joan Goulden, Alliance One International Services Ltd
Find out more about our Defined Contribution services
Download our Defined Contribution brochure.