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Fish Friers

Pension Update

Article Date: 2015-08-21

The NFFF has recently taken a number of calls from members in regards to the workplace pension scheme. The NFFF are currently looking at schemes for our members to use and further updates will be announced in due course.

In the meantime please read the information below, provided by the Pension Regulator.


New guide to help you choose a pension scheme
The Pensions Regulator have made it easier for small and micro employers to choose a pension scheme with the publication of a new quick guide on what to look out for when picking the right scheme for your staff.They have also published a list of master trust pension schemes which are prepared to accept business from employers of all sizes, and that have been independently reviewed to show they^re administered to a high standard.

You can also find links on their website to NEST, the pension scheme set up by government that has a public service obligation to accept all employers, and to lists from the Association of British Insurers and the National Association of Pension Funds.

Click here for more information on selecting a pension scheme for automatic enrolment.

Automatic enrolment and what you need to know about seasonal staff

If you employ short-term staff you^ll need to make sure you^re up to speed with how they need to be treated for automatic enrolment purposes. This can be a morecomplex task if you employ a lot of people on a variety of contracts, and have high staff turnover. One option you may wish to explore is postponement, which offers additional flexibility by enabling you to delay assessing staff for up to three months

Click here to visit the ^checking who to enrol^ page on The Pensions Regulator’s website, where you^ll find information on how to assess your staff and the options available to you.

Click here to find out more information about postponement

Top five automatic enrolment questions from employers
The Pensions Regulator has a ‘frequently asked questions’ webpage where we answer those questions most often asked about automatic enrolment. In July, the top three subjects the regulator were contacted about were:

·What happens if I^m not an employer but then take on a member of staff?

·I employ someone to care for me - are they classed as a worker?

·What^s the process for nominating a contact?

Click here for answers to these and other commonly asked questions

Fish Friers