Setting up a workplace pension scheme can be a real challenge for many employers, Workplace Pension Advisory Service can take away the headache of setting up and running your scheme on an ongoing basis!
Workplace Pensions Advisory Service are here to assist you every step of the way when it comes to meeting your auto-enrolment duties.
Automatic Enrolment applies to all employers who have at least one member of staff, and you will need to ensure that any eligible employees are enrolled into a workplace pension.
Workplace Pension Advisory service provide a full support service to employers to ensure that they are always compliant, all of our members will know exactly where and how their workplace pension is performing by receiving regular statements. Unfortunately NEST only provide a limited support service. As well as an annual management charge, there is also a 1.8% monthly contribution charge taken from each employee. Currently NEST do not allow transfers in or out of their scheme which can have an impact on leavers or new start employees to your business. There has also been a lack of information to when and are where funds are invested and reporting of performance.