Work place pensions

Recent government legislation will impose new duties on employers from 2012 with the key aim of increasing the number of people saving for their retirement.

With the number of UK pensioners expected to double by the year 2055, the government hopes that the new scheme will not only increase the number of people saving for their retirement but also take some pressure off the state pension system.

From 2012, millions of workers who do not currently pay into a company pension scheme will automatically be enrolled into what the government has termed ‘qualifying work-based pension schemes’.

This action will require all employers to operate a qualifying workplace pension and to contribute minimum contributions.

Luker Rowe is able to provide advice on what you need to do in order to prepare for this change, help you find the right pension supplier for your business and, crucially, help you deal with the compliance and regulatory reporting requirements that go with auto-enrolment.

Talk to our team on 01494 733337