The British Chambers of Commerce (BCC) and NEST (National Employment Savings Trust) have created a business guide to auto-enrolment, designed to help employers plan for legal changes to workplace pensions.
Automatic enrolment, which requires employers to enrol certain staff into a pension scheme and make contributions to it, is the biggest change to pensions provision in the UK for generations. In 2014 new duties start to apply to many more SMEs.The guide contains information on:
- New duties for employers and associated timing
- The need for employers to assess the eligibility of their workforce
- How to choose a scheme that suits their business needs
Dr Adam Marshall, Director of Policy and External Affairs at the British Chambers of Commerce (BCC) said:
“The BCC is committed to ensuring that businesses of all sizes are aware of the changes to the pension system in this country. This guide will help those firms successfully negotiate any pitfalls around auto-enrolment, while staying focused on growing and expanding their business.”
Graham Vidler, Director of Communications and Engagement at NEST, added:
“At NEST we’re already working with over 1,000 employers, of all sizes and from all sectors, to help them make automatic enrolment a success. We’ve used that experience in producing this guide with the BCC to help thousands more employers navigate their duties.”
