On 1st October 2012, new pension law came into force which will ultimately affect all employers in the UK. For the first time, businesses are required to automatically enrol certain workers into a pension scheme, as well as make contributions on their behalf, in a process known as Auto Enrolment.
We offer a tailored service, where we can review your requirements, recommend, and set up a suitable pension scheme. We can provide you with everything that you need to know to manage automatic enrolment and your pension scheme yourself.
We take a proactive approach with all legislative changes, highlighting these to employers and employees, explaining how they may be affected, and the action that they should consider taking.
You might find our Guide to Auto Enrolment helpful.
I already have an existing pension scheme for my staff – will this satisfy the new rules?
The regulator has provided extensive guidance in this area. In essence, your pension scheme will qualify provided that it meets a number of key criteria, including payment structure and contribution levels. We can review your scheme and recommend any action required to ensure compliance.
Anything else that I need to know?
If you have any further questions regarding your new Auto Enrolment obligations and how this will affect your business, please contact us.
Registered in Scotland, Company Number: SC288945
Mearns & Company are authorised and regulated by the Financial Conduct Authority
Registered office address: Anchor House, 112 Commercial Street, Edinburgh, EH6 6NF