The law on workplace pensions has changed. Under the Pensions Act 2008, every employer in the UK must put certain staff into a pension scheme and contribute towards it. This is called ‘automatic enrolment.’ If you employ at least one person you are an employer and you have certain legal duties.
As an accountant, and business adviser, employers are likely to ask you for help to choose and run a good quality pension scheme for automatic enrolment, and it’s not just about pensions – automatic enrolment will impact upon most areas of your clients' businesses.
The information provided on this page is intended as a quick reference for you, more detailed information and guidance is provided on The Pensions Regulator website.
CHOOSING A PENSION SCHEME FOR AE – GUIDANCE FOR BUSINESS ADVISERS
The Pensions Regulator published additional guidance for business advisers helping their clients to select a pension scheme, as well as an ‘at a glance’ PDF guide. Links to the relevant pages are as follows:
- Choosing a pension scheme: www.tpr.gov.uk/choosing-a-pension-scheme
- Your role in helping a client to choose a scheme: www.tpr.gov.uk/your-role-helping-client-choose-scheme
- What to consider when choosing a scheme: www.tpr.gov.uk/what-to-consider-when-choosing-a-scheme
- Find a new pension scheme for clients: www.tpr.gov.uk/find-a-new-pension-scheme-for-clients
- At a glance PDF guide: www.thepensionsregulator.gov.uk/docs/advisers-help-your-client-choose-a-pension-scheme.pdf