Southampton, Hampshire (PRWEB UK) 8 May 2014
Southampton Financial Advisors, Asset Management, are gearing up to run free seminars on 14 May 2014 to prepare employers for the pension auto enrolment scheme. The day will be divided into three sessions to accommodate a high volume of interest. Asset Management’s seminars have been created to help to make the process run smoothly for employers, who may have had no previous experience of setting up a pension scheme. The seminars will run through employer duties and deadlines, workforce assessment, the financial impact of auto enrolment, regulation and governance plus auto enrolment solutions and a delivery programme.
Auto enrolment has been enforced by the Government due to a lack of funding as well as longer life expectancy. All employees will be auto-enrolled onto a pension scheme by April 2017, though they will have the option to opt out if they wish. They will then automatically be re-enrolled every three years.
Asset Management are advising employers to begin the process by finding out their staging date. Legislation dictates that those employers who have between 62 and 499 employers must have completed the initial stages of the process between 1 January 2014 and 1 July 2014. Those employers who fall into this first staging date can attend one of the sessions.
Roger Badley, Director of Asset Management said, “The pensions auto-enrolment system may seem a little daunting for some employers; however, if they don’t comply with the legislation they could well be fined by the Pensions Regulator. We wanted to help to provide guidance and knowledge for employers to ensure that they have the correct information they need to automatically enrol their employees onto the chosen pension scheme.”
The seminar will take place on 14 May 2014 at the Botleigh Grange Hotel in Southampton, further details can be found by visiting the Asset Management website http://www.assetmanagement.co.uk or by emailing penny.paskins(at)assetmanagement(dot)co.uk.