Pensions  

Pensions have now become the cornerstone of any benefit package with the appearance of Auto-enrolment and pension freedoms which has changed the way we look at pensions forever.  
 
Along with other employee benefits, pensions need to deliver good outcomes for you and your workforce and to be effective tools to motivate, engage, retain and attract a higher calibre of employee. 
 
Since the first introduction of Auto enrolment in 2012, schemes, charges, software and administration has change for the better and along with the need for employers to re-enrole certain workers every 3 years has giving rise to employers to take the opportunity to look again at their choices. 
Pension governance and re enrolment

Reviewing your scheme can help with  

Early identification of administration problems 
Better value for money 
Improved employee engagement & awareness of employer contributions. 
Improved member understanding of their retirement savings. 
Fewer member complaints 
Pension governance and Re enrolment
57.6% of employees say they don’t know how much they should be saving for retirement* 
Pension governance and Re enrolment
48.3% of respondents would want to learn how to save for retirement, if financial education was offered by their employer* 
Pension governance and Re enrolment
91% of our client’s workers opted to stay in their Auto-enrolment scheme after receiving our hosted presentation. 
Pension and retirement planning
57.6% of employees say they don’t know how much they should be saving for retirement* 
Pension and retirement planning
48.3% of respondents would want to learn how to save for retirement, if financial education was offered by their employer* 
Auto enrolment and re enrolment
91% of our client’s workers opted to stay in their Auto-enrolment scheme after receiving our hosted presentation. 

Re-enrolment  

Every 3 years certain workers must be put, re-enrolled, back into the company pension scheme, which is similar to the original auto enrolment process completed when starting the pension scheme. This is a ideal time to make any changes to your scheme and process before completing your “Declaration of compliance” confirming all your regulatory stipulations have been met. Remember, re-enrolment & re-declaration is your legal duty & you could be fined if not completed correctly. 

Choosing your Re-enrolment date  

Planned re enrolment dates

How we can help  

Review your current pension and advise on any investment and legislation changes. 
Help you through your mandatory 3 yearly Re-enrolment processess 
Review your pension and produce your annual review report as recommended by The Pensions Regulator. 
Renegotiate pension terms with pension provider if appropriate 
Provide on going pension support for you and your workers 
Communicate pension benefits through engaging presentations, emails, handouts and websites. 
Provide regulated pension advice on a 1 to 1 basis for all your workers if needed. 
*Capita, Educate and engage, Employee Insite Series 2017 
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