View more on these topics

Trade body targets small firms with auto-enrol guidance service


Trade body the Pensions and Lifetime Savings Association has launched a new service designed to guide small employers through automatic enrolment.

Around 1.8 million small businesses are set to be caught up by the auto-enrolment reforms between now and 2018.

However, there has been widespread concern about possible non-compliance as smaller companies – many of whom will never have offered a pension to their staff – are forced to deal with complex rules and regulations for the first time.

In response to this, the PLSA – previously the National Association of Pension Funds – has created a new proposition to guide firms through the process.

The service, called ‘Pension Solution’, includes a step-by-step guide to setting up an auto-enrolment scheme and a guide to the various providers in the market, including ratings and reviews from other employers.

The new service costs £49 a year.

PLSA chair Lesley Williams says: “We’ve used our expertise to create Pension Solution, designed purposely for small businesses to make automatic enrolment simple and straightforward for them, and to make sure it really works for them we are also letting them add their own experiences and views on providers.

“Small businesses employ millions of people in the UK and we want to help all those employers and employees get a great workplace pension scheme in place. I know from personal experience it can be tough rolling out automatic enrolment to your employees for the first time, even in a big company, and small businesses are just as busy and often have less experience of running a pension scheme.

“Pension Solution gives small businesses the know-how and the tools they need to tackle automatic enrolment confidently and successfully.”


Profile: British Friendly’s Iain Clark on driving change in protection

In another life, Iain Clark would have been a racing driver. A keen motorsport fan, the new distribution and marketing director at income protection specialist British Friendly has driven the iconic Brooklands to Monte Carlo rally in Ferraris and Porsches, and, as he casually informs me, is “usually in the top three” when he takes […]


Opinion poll

The report (Money Marketing, October 25) that Marlborough Stirling&#39s research has found that 53 per cent of people prefer not to meet their financial adviser in person flies in the face of general perceptions. It also contradicts other (perhaps more disinterested) research studies as well. Typically, you would expect to find that some 70 per […]


Over £9m stolen in pension liberation scams since April

Fraudsters have taken more than £9m from savers in the five months since April, twice the sum taken in the same period last year. Figures from the City of London police show that £9.1m worth of scams have been reported between April and August 2015, up from £4.5m. The figures also show that the sums […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment