As more and more employers reach their auto-enrolment staging date, thousands of HR, pensions and finance professionals have been tasked with navigating the minefield of ongoing scheme governance and auditing with little support.
To help employers facing greater scrutiny from the Pensions Regulator, Johnson Fleming has launched the second in a series of informational guides, which is intended to help you reduce risk and ensure full compliance.
While the two years leading up to a company’s auto-enrolment staging are all but dedicated to organising, implementing and communicating a qualifying scheme, the moment of staging is only ‘the tip of the iceberg’.
Download Johnson Fleming’s guide, ‘How to…audit your auto-enrolment scheme compliance’, and you’ll receive an in-depth yet accessible pensions health check for your businesses – completely free of charge.
With legislative changes such as alterations to defined-contribution (DC) pensions already reshaping the landscape for firms stepping into the unknown of the ‘secondary market’, we believe this is the ideal time for businesses to be auditing their scheme and we want to help make it is simple as possible.
Outlining key areas professionals should be reviewing to ensure compliance, identifying common areas where breaches unwittingly occur and providing a helpful auto-enrolment auditing compliance checklist, the guide is designed to demystify the imposing task.
Comprising four key chapters covering ‘the communication processes’, ‘the auto-enrolment scheme’, ‘assessment and contribution processes’ and ‘scheme certification’, the paper will act as a useful tool and solid reference sheet.
It will also arm you with the information you need to help avoid breaches under growing pressure from the Pensions Regulator.
As you may know, the governing authority has started to bare its teeth and has already issued notices to companies relating to unpaid contributions. Yet, while the Pensions Regulator will take notice of breaches in your scheme, it is more likely to be interested in how you acknowledge and rectify them.
There’s no doubt that if you haven’t completed an audit of your auto-enrolment compliance before, now is definitely the time to do it.
For more information, or to download the free guide, please click here or call 01527 571 300.