Like it or not Auto-Enrolment is here to stay. There are a lot of myths and mis-direction around as to how “complex” it is and how “expensive” it will be to deal with.
We have invested a lot of time and money in making our systems simple, seamless and cheap for all our payroll clients. The payroll is assessed each payrun and automatically handles and additions, leavers or changes. Our clients have nothing to do at all apart from paying the pension deductions over each month – which is done by direct debit by most schemes anyway.
We have been offered all sorts of schemes by Independent Financial Advisors (IFA’s) to “re-sell” onto our clients for a fat fee. We have tried to talk to several IFA’s about sensible schemes that are free to set up but are laughed at. Even the FSB has been overwhelmed by the response to their “recommended” scheme already and so have fobbed clients off to talk to Legal & General directly.
One IFA told us that we were breaking the law telling my clients they don’t need an IFA for this – but the government actually tell us this themselves. That is how scared IFA’s are of losing exceptionally profitable business when people like me blow away the smoke surrounding Auto-Enrolment.We are very happy to set you a government backed scheme up in a matter of a few minutes with NOW Pensions, People’s Pension, NEST etc. These and many of the expensive schemes from IFA’s all hook into our system making assessment, audit trail and uploading the contribution file to the scheme all simple, instant tasks.
So if you want a no-nonsense approach to your auto-enrolment needs – contact us today on 01530 223373. We are happy to help anyone out who is worried or confused by all this.
If your current accountant tells you your fee needs to rise by £100’s per annum to handle this extra work – get in touch today. It really is simple.