Despite an ever-changing legislative backdrop, pensions remain a foundation of long-term tax-efficient savings. Following the introduction of pensions auto-enrolment from 2012, more people than ever before now benefit from a workplace pension arrangement. Combined with that, the new pension freedoms introduced in April 2015 have provided people with significantly more flexibility when it comes to taking their pension savings. Pensions are therefore firmly in the spotlight.
As an employer, good pensions governance and employee pension communications have never been more important. When you are automatically enrolling your workers into a workplace pension scheme, it’s crucial to ensure your scheme has all the features required to enable good member outcomes. With so many options available to members when they come to retire, high-quality support and information, and advice in some cases, are essential.
RCL Consultancy’s workplace pensions and auto-enrolment service is designed to ensure successful operation of your scheme at every step of the way. Our auto-enrolment audit checks all key aspects of your scheme and processes, with clear advice on how to correct any errors and ensure compliance. We provide all the advice, technical support and guidance to make sure you have the right scheme, and your ongoing administration meets all necessary legal requirements.
In addition to the core workplace pension, many employers are introducing additional workplace savings options, such as individual savings accounts (ISAs), lifetime ISAs (LISAs) and general savings and investments. The significant advancements in workplace benefits technology over recent years have made it simple to offer your employees a wide range of savings options. We can help you choose the right options for your workforce, and ensure they are introduced and managed seamlessly.
Interested? Why not contact us to find out more?