Pension Schemes

The Changing Pension rules

New rules being introduced mean every employee must provide and contribute to a pension for any and all employees.  

These changes are being phased in from 2013.

Key facts

The framework for these new laws is already in place in the shape of the Pensions Act 2008.

• Employers will, for the first time, be required to automatically enrol eligible employees into a pension scheme.
• Employers will, for the first time, be required to pay pension contributions for any employees who join and stay in the pension scheme.
• The Pensions Regulator will police and enforce these new laws.
• Even if you have an existing workplace pension scheme, you may have to make changes so that it complies with the new laws.
• Employers can either use their own pension scheme to comply with these new laws or rely on a Government built scheme - the National Employment Savings Trust (NEST) scheme.

We hold regular seminars for local business, accountants and solicitors providing informing and guidance on these changes and how to get your business ready. If you would like to attend a seminar or would like a free consultation to discuss these changes then please call us on 01872 261800.

Pension reviews and start up.

It is essential that any investment, including pensions are reviewed at regular intervals. Markets change as do the views and need of the policy holder. At Anderson Lloyd we offer a free pension review for director, group or personal pensions to ensure they are meeting their target and best suited for the current financial climate.