The legislation requiring all employers to set up a pension scheme for their employees, and requiring both employers and employees to contribute to it, continues to roll out. In 2014 it largely affects employees with between 50 and 250 employees. Next year it will start affecting the smaller employers. As there are thousands of them, this is likely to mean a logjam as regards pension providers and advisers.
As there are significant financial and legal penalties that can be levied on employers who do not fulfil their obligations, our advice is for employers to plan ahead. We will only be able to assist a limited number of employers and will give preference to those who are existing clients. Please contact Mr Arie Stuijt here at Sovereign for further information.
No comments:
Post a Comment