We can refer you to any one of three qualifying
schemes: it doesn't matter if you are not one of our existing clients. There are
3 providers because different Firms will have different AE needs
depending on the number of employees and the complexity of the
payroll/s, and the range of pension investment funds required.
have reached your staging date and have still not set up AE, please
telephone soon; you will need to move very
Once you have been referred, the aim will be to install your Firm into AE as quickly as possible.
Pensions: Quality system with mutiple
funds/scheme types/everything for any size employer, full Employer
implementation team who will look after you and handle any problems.
Modest initial setup fee plus low monthly charges.
maximum flexibility and able to handle complex payrolls and groups
of payrolls. Full suite of bespoke pension investment funds as well
as default funds.
B. Creative Pensions Ltd:
quality simpler 'minimum default' scheme, for
achieving full compliance, small initial fee for setting up, FREE
to use afterwards,
full Employer implementation team who will
assist at every stage. Uses scottish widows pension fund/s.
Creative also offer Schemes as complete
as Carey's; this is their 'entry level' Scheme which can be upgraded
if you wish, later.
C. Simply Biz Portal:
solutions for all employer sizes featuring simple to use system and
capable of handling multi-payroll needs. Small set-up charge with ongoing monthly costs.
auto-enrolment now, rather than later.
Image courtesy of Carey Pensions
The figures on the left are the numbers of employers reaching their
staging date each quarter, between now and 2017. Soon, providers will be hit by a tidal wave
of applications - there will be extreme pressure on them to auto-enrol firms, before they are fined.
If you sign up (register with a provider, so that you know that you
are queued for tackling the problem) you can get past probably the
hardest step. Employers could find schemes of adequate
quality few and far between, by the time we get
into the real thick of it, because capacity will be stretched to the limit. Remember, there is a learning curve in actually
operating the system and, once impemented, the system is a permanent
fixture for every payroll run.