Workplace pension changes are affecting all employers in two areas.
- Employers have to set up and make available, a suitable pension scheme for most employees.
- Employers have an ongoing obligation to assess employees, calculate pension premiums and make sure payments are made and suitably recorded.
Employers need professional support and advice in setting up and making available an appropriate pension scheme. Whilst this in itself may sound simple, there are many issues for the employer to deal with prior to the pension being set up and afterwards.
Employers should consider addressing the issues well in advance of their staging dates to ensure the scheme is ready and available on staging date.
Postponing the staging date will not negate the requirement for an employer to have a qualifying pension scheme in place by the time of their staging date.
JNS can assist to ensure your fulfil your legal obligations.