Thursday, 29 September 2011

Changes to the Pensions Act

Dear Colleague,

I thought that this may be useful information to share.

At Freshwinds we have been working with a useful contact at Jobson James Chartered Financial Planning who is helping us to understand and make plans for changes to the pensions act that will be introduced January 2012 that will affect all employers. This includes charities, third sector organisations and social enterprises.

The Pensions Act 2008 establishes new duties for ALL UK employers that start to be introduced from 2012.

These duties require employers to provide some or all of their workers with access to a workplace pension scheme that meets certain legal requirements.

Employers will have to automatically enrol certain workers into a qualifying pension scheme and pay contributions on their behalf.

The duties will start to be introduced from 2012.

The Government are introducing the National Employment Savings Trust (N.E.S.T), employers without a work based pension scheme need to take advice on the roll out of the Pensions Reform.

If anyone would like further information and an introduction please contact me on the number below.

Many thanks,

Natalie White

Assistant Employment & Training Manager

A: Freshwinds, Prospect Hall, 12 College Walk, Selly Oak, Birmingham, B29 6LE

T: 0121 415 6682

F: 0121 415 6699

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