We’ve been preparing recently for the forthcoming requirement for all employers to have an auto enrolment pension scheme. We’ve decided to go with ‘The People’s Pension’ for several reasons.
1. There is no charge to the employers
2. The charge to employees is only 0.5% per annum
3. Our payroll software is compatible with this provider
4. There are a choice of funds for the employees to invest in
There seem to be a lot of Financial Advisors trying to get involved with this with corresponding high professional charges. We’re hoping to keep the costs down by not using any Independent Financial Advisors. There will be charges for our work in setting these pensions schemes up and submitting returns as don’t receive any commissions from The People’s Pension.
To find your staging date go to http://www.thepensionsregulator.gov.uk/employers/tools/staging-date.aspx
This is The People’s Pension website http://thepeoplespension.co.uk/