Do you feel like the Government is against you, and that you are losing control?
Whilst it is true that you have to supply a workplace pension scheme for your employees (often referred to as workers), you can take back some control.
The government has introduced a law designed to help people save more for their retirement. It requires all employers to enrol their workers into a workplace pension scheme, if they are not already in a qualifying one.
The required duties are detailed within hundreds of pages of legislation which cover what the duties are, when you have to apply, and what happens if you do not comply with them.
Beacon Wealth Management Ltd has a range of material available for employers to assist with informing their workers.
If you already have a workplace pension scheme in place, you will need to assess whether it meets the requirements, and if not, look at what needs to be changed.
Beacon Wealth Management Ltd can help you choose the following:
There must be a default fund for the scheme and we can help you choose one which is appropriate and compliant.
We can also help your workers choose investments which are in accordance with their individual attitude to risk.
It is likely you will need the help of an expert to guide you through the changes and make sure you are able to meet your employer duties. Beacon Wealth Management Ltd are experienced pension advisers and well placed to help you prepare for the changes you will have to make. By starting to plan now, we can help you to assess the costs and minimise the disruption to your business.
