Pensions Automatic Enrolment

Accountancy Service: Pensions Automatic Enrolment

Pension Automatic Enrolment imposes several duties on an employer, including access to a qualifying pension scheme, assessment of the workforce and communication to employees. Its introduction was the biggest change to workplace pensions for a generation.

What Does Pension Automatic Enrolment Involve?

The rules around Pension Automatic Enrolment mean that there is a greater onus on the employer to undertake a number of processes to ensure compliance with legal requirements and provide effective staff support.

Every employer running a PAYE scheme is issued with a staging date, which is available by visiting the Pension Regulator’s site.

Why Should You Outsource Pension Automatic Enrolment Administration?

  • Eliminates the need to find and train resources for a one-off peak activity
  • Alleviates the significant on-going administrative burden
  • Guarantees compliance with legislation
  • Cost effective – organisations can benefit from the economies of scale provided by outsourcing
  • Ability to set high service level agreements
  • Allows management the time to focus on core business activities

Pension Automatic Enrolment imposes several duties on an employer, including access to a qualifying pension scheme, assessment of the workforce and communication to employees. Its introduction was the biggest change to workplace pensions for a generation.

What Does Pension Automatic Enrolment Involve?

The rules around Pension Automatic Enrolment mean that there is a greater onus on the employer to undertake a number of processes to ensure compliance with legal requirements and provide effective staff support.

Every employer running a PAYE scheme is issued with a staging date, which is available by visiting the Pension Regulator’s site.

Why Should You Outsource Pension Automatic Enrolment Administration?

  • Eliminates the need to find and train resources for a one-off peak activity
  • Alleviates the significant on-going administrative burden
  • Guarantees compliance with legislation
  • Cost effective – organisations can benefit from the economies of scale provided by outsourcing
  • Ability to set high service level agreements
  • Allows management the time to focus on core business activities
Pensions Automatic Enrolment

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