New duties will get introduced in October 2012 and will impact almost all the employers of the UK over the next few years. Organising your business data and intimating your employees about the happenings is necessary. Large employers must have started planning for workplace pension provision for implementing the changes. Employees are also keen to know as how is their organisation is preparing to respond to the new auto enrolment policy.
If you are amongst the big employers, start searching for companies offering profitable auto enrolment quote.
David Cameron, the prime minister of the United Kingdom, believe that we owe respect, support and care to the older people in the society. Therefore, his government protects pensioners and provides them the help that they need.”
His words reflect the vision of UK’s government for providing benefits to pensioners. The government has already taken a step in this regard by introducing auto enrolment policy.
A company providing financial advice will help you by offering best auto enrolment quote for your business.
According to a revised timetable for employers, the largest business organisations will be affected at first, followed by the medium-sized and the smaller one at the end. However, whatever be the size, all the employers will go through the similar decisions and will perform the same activities.
In the words of Steve Webb, the Minister for Pensions, UK:
“Automatic enrolment will begin this October, taking up to 10 million employees into pension saving, many for the first time, and all employers will be part of it.”
Therefore, you can hereby see that, as an employer, you will be a part of the changes. This piece of information will make you aware about the new rules and how can you get an auto enrolment quote according to your needs.
The new laws are introduced by The pension Act 2008. They charge a responsibility on employers to set up a workplace pension scheme for auto enrolling their qualifying workforce. The government has also introduced a qualifying pension scheme, NEST, which can be used to meet the new duties.
It is not a compulsion to go with the policy introduced by the government. An employer can also look for a firm providing services for auto enrolment. These firms provide competitive auto enrolment quote according to your business requirements. They perform analysis of your business model, before providing any suggestion. They also guide you with the changes that you need to make for compliance with the new laws. Make an online search and pick out an expert with years of experience in the pension industry.
Get a profitable auto enrolment quote with UK’s leading company, Auto Enrolment Expert. Our team consists of experienced financial advisers providing customized pension plans for your business.