The Financial Conduct Authority does not regulate on Auto Enrolment.
News laws have been set into process regarding the automatic enrolment of employees into an employment pension scheme. Every company can expect this change to come into effect by October 2018. It will be mandatory that all UK employers have a pension’s scheme in place for their employees that meet all the requirements of the new Workplace Pension regulations.
You may think that 2018 is a long way off to start enrolling your employees, however businesses with 49 workers began being phased in from June 2015. The remainder is being phased in currently up till the end of March 2017. More than 512,000 businesses are having to establish a workplace pension during 2016.
We advise that plans are put into place as soon as possible. Companies need to focus on establishing terms, deciding on the structure of your scheme as well as, how to manage auto-enrolment within your business. This will assist in the process being implemented smoothly when you are required to do so.
At Keystone we have already assisted hundreds of businesses in establishing workplace pension schemes that adhere to and meet obligations under this new legislation. We operate independently, so once our team has tailored your pension scheme based on the various options you have according to the rules, we can then approach providers in this market to work on the most suitable scheme and best possible terms for you. Keystone Wealth Management can also assist with presenting the various changes to your employees. This is an extra service we gladly provide as we feel it's very important they understand what is happening, why it is happening and the impact it will have on them as individuals as well as, potential benefits workplace pension schemes will ultimately generate.
Please note that the value of pensions and investments can fall as well as rise. You may get back less than you invested.
We are happy to meet for an initial consultancy either in person or remotely. Give us a call or contact us, we are on standby to assist you.
For more information or to request an initial free consultation dial +44 (0) 208 939 4545
Keystone Wealth Management Ltd, Vine House, 143 London Road Kingston-Upon-Thames Surrey KT2 6NH United Kingdom, firstname.lastname@example.org