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.
If you would like to talk to us about how we can help you, please contact usGet in touch