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