presentation template in 1 st meeting. employer pensions reform working together - helping you...

Presentation Template in 1st Meeting

Employer Pensions Reform

Working Together - Helping You Comply

ABC LTD

Agenda

• Auto-enrolement

• Critical issues specifically impacting your business

• How we will help you

• Why ABC Ltd & AEAG Member

• Next Steps

• Questions

Auto-Enrolment• Introduced in the Pensions Act 2008 • Larger employers – those with 1,000 plus employees have already (or are

about to) complied • This is quasi-compulsion • Based on the Australian Super model

• Designed to meet the pensions ‘gap’

• Penalties severe - £2500 per day (for a business of your size)

Critical Issues Specifically Impacting Your Business • Staging date: Day, Month, Year

• Contacts of Employment

• Decisions about pension funding across multiple schemes

• Do the existing scheme/s comply?

• Communication between systems

• Communication for workforce

• Timescales

• Cleanliness of data

• Preserving the brand

• Managing staff expectation

• Keeping great people

How We Will Help YouStep 1) The Auto-Enrolment Strategy

Consult

Analyse

Review and Research

And Recommend

Step 2) Implementation

Modification or Set up ( Scheme )

Set up ( Processes )

Communication

Regulation and Registration

Step 3) Essential On-going Compliance

Systems Consultancy

Training Review

Why AEAG Member

AEAG Member

• Recognised authority in the area of auto-enrolment

• Practical experience in the auto-enrolment process

• Good relationship with The Pensions Regulator

• Specific expertise in the fashion retail / clothing sector and the potential challenges that are raised in this sector.

Next Steps

• Send you the Service Level Agreements for Stage 1 (the auto enrolment strategy)

• Timescales established for all parties concerned within that document

• Once agreed, face to face consultation booked.

• Research, Analysis and Report

• Meeting to discuss Report, software demonstration and agree forward action

• To ensure we meet our professional responsibilities we need to agree, produce and present the report by next Friday…

Fees

Step 1 £3,000 plus VAT

Steps 2 & 3 Bespoke to employer.Typical costs£28.45 per person to implement - £9957.50 (for stage 2)

£6.99 per person per month (an additional £83.88 per individual per annum) - (including consultation, review, ongoing compliance and middleware)

Questions