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Fish Friers

The Workplace Pension

Article Date: 2015-12-17

Pensions used to be rarely talked about, but now it seems that you can’t switch on the TV or open a newspaper without hearing about them. 2015 has been a huge year for Pensions, first with the introduction of Pensions Freedoms, where members of pension schemes can now take benefits in a much more flexible way and with the ever increasing waves of Auto-enrolment which affects all employers with at least 1 employee. That’s 1.8m employers in the next 3 years.

Arguably, the biggest test to the Auto Enrolment regime is yet to come, with 500,000 small firms set to reach their "Staging Date” in 2016. In fact, c. 100,000 employers are set to hit their Staging Date by March 2016.

Research from insurer and pension provider Aegon UK revealed that 68 per cent of employers feel a greater duty of care as a result of auto-enrolment, but they are facing barriers as they try to engage with staff. Two in five believe interactive digital tools would be the best way to improve pension engagement.

But where do Employers start to source, set up and enrol staff into a scheme?

The NFFF has been working with Clayton Holmes Naisbitt Financial Consultancy and the Carey Corporate Pensions to offer NFFF members and non members a simple cost effective solution. NFFF has used its scale and influence to negotiate an exclusive deal for all members to meet their Auto-enrolment responsibilities. Guaranteed acceptance is offered to all shops and a dedicated online set up is available where a pension scheme can be set up in less than 10 minutes for a fixed fee of £345.

The Workplace Pension from leading UK corporate pension provider, Carey Corporate pensions offers the critical elements required to meet the pension’s requirements under Auto-enrolment regulations. Depending on what payroll service each fish and chip shop use dictates whether or not the additional compliance module is needed.

Due to the huge number of employers going through Auto-enrolment in the next few years the solution is available to all NFFF members and non members for set up now allowing you all to get set up in readiness for staging dates.

To get your set up now click on the following link

Fish Friers