Auto enrolment: How do the new pension changes affect your business?

Employee’s automatic enrolment into a pension scheme is now live within larger companies and the staging dates for smaller companies are on the horizon.

Companies with less than 250 employees will be affected from 1st April 2014. Between 2014 and 2015, there will be on average over 3,000 companies per month having to comply with auto enrolment (known as staging), with heavy daily fines for missing staging dates from The Pensions Regulator.

Will pension auto enrolment affect your business?

What should I do about auto enrolment?

Following the rules means following the new regulations the government have put in place for your company pension and it also means you have a duty to explain all changes to your staff so that they are aware of the situation.

McDade Roberts have offices in Longridge, Garstang, Fulwood and Bamber Bridge and a team of people ready to take questions on auto enrolment to help businesses in our local area. With a dedicated payroll team and our sister company M.R. Financial Services Ltd, we have a qualified knowledge base to inform companies what they need to do to meet the new pension changes. The other good news is that we are a very friendly bunch and pride ourselves on our down to earth advice. If any Lancashire Business View readers need advice on auto enrolment or general pension or financial advice, call us – the first consultation is always free so there is nothing at all to lose.”