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Under the Pensions Act 2008, the Government introduced new pensions reforms to help people save properly for their retirement and with them came big changes in the way we plan for our retirement. These reforms need to be dealt with in the most efficient manner for all concerned for the best results to be achieved.
Every UK employer must have an eligible workplace pension scheme in place and must enrol eligible staff into this. If you employ at least one person, you're deemed an employer, and by law you have duties that you need to act on.
As a result of this, employers have more burdens and responsibilities, which include increased administrative costs, exposure to risk and legal responsibilities.
At JKFS we have a system specifically designed to ensure that the you, the employer, complies fully with the legislation and continues to do so.