All companies operating in the UK are required to automatically enrol certain employees into a pension scheme, as well as make contributions on their behalf. This gives your employees the opportunity to save for their own retirement.
Managing a workplace pension is a continual responsibility for any company operating in the UK, but this can be a complex business. Employees need to receive certain statutory communications, keeping them up to date with their membership of a pension scheme. Companies also need to contribute a set amount to their pensions, depending on the proportion of their total earnings that are pensionable. Processes need to be tight to ensure that they meet regulatory requirements. Non-compliance can result in fines from The Pension Regulator.
We have extensive experience of looking after workplace pensions, and currently look after schemes with 100+ members.
To ensure you are always meeting your requirements, Mearns & Company offer a tailored service where we can:
Please note that not all employee benefits services are regulated by the Financial Conduct Authority.