Get ahead of new pension changes for employers, we are here to guide you...
Caption: Louise Phillips, FMB Corporate Services Adviser
FMB was founded by a pension expert and we have been offering financial planning advice to SME’s on their group pension schemes and employee benefits for 30 years. Some of our first clients were companies, and we are proud to say that many of them are still with us today.
The most significant change to workplace pensions is happening right now. The government estimates that millions of people in the UK are not saving enough for retirement and so, has introduced legislation whereby all companies will have to automatically enrol their eligible workers into a contributory pension plan.
Our auto-enrolment support packages...
We’re here to help you overcome the challenges that auto-enrolment has faced you with and help to prepare you for the financial impact that it will have on your business.
For ONLY £250 (plus VAT) we will:
- Provide an analysis on costs
- Advise on which employees are eligible and when
- Visit your business to make sure you are clear about your obligations and answer any questions you may have
- Research the options available
- Prepare a written report for your company with recommendations
If you require additional support or would like us to implement the recommendations for you, we can create a bespoke review package to accommodate all your requirements.
Your responsibilities as an employer…
As an employer you are responsible for ensuring that your chosen scheme meets the relevant rules and that you have registered the designation of your scheme with the Pensions Regulator. We can help you make sure you avoid hefty fines by getting it right first time.
Don’t sit on it!
If you leave it to the last minute you will restrict your options and end up with a scheme that may not suit your needs. Providers are under a great deal of strain and your business could end up stuck in a backlog. You may end up paying penalties for non-compliance as well as for any mistakes you may make as you rush into the new pensions world. We are already experiencing delays with even the largest pensions companies due to the increased demand.
Contact us today…