If you already have a scheme, you will need to seek specialist advice, for example, from a pension’s adviser, to ensure that it meets auto-enrolment criteria and to implement any changes necessary to bring it into line.
Alongside these responsibilities, other issues you will need to address include dividing your workers into three different categories, based on age and earnings, each of which have different rights, entitlements and employer communication obligations.
The best way to get auto-enrolment right is to start planning as early as possible by taking expert consultancy and advice. At Capital Talks, we can assist you with a wide range of auto-enrolment responsibilities, including assessing existing pension schemes for eligibility and setting up new schemes.
For more information please contact us.