TMC - Accountants and Business Advisers

Auto-enrolment pensions - you need to act now!

We hosted a seminar on the new regime for auto-enrolment pensions yesterday, attended by around 20 clients. The speaker was Louise Mitchell of Wilson Mitchell & Co Ltd, a senior partner of St James’s Place Wealth Management.

Auto-enrolment pensions are going to affect every employer by 2017, but the message from Louise was very clear. The pension companies are not going to be able to cope with the sheer volume of new pensions schemes – estimated to peak at around 100,000 per month, and they may end up turning away business. This could mean that you end up with the default NEST scheme for your employees, which might not be in their best interests. If you haven’t already acted to set up your scheme, we suggest that you do it at least 6 months before your compulsory staging date.

If you were unable to attend the seminar, we have a limited number of packs for our clients with the St James’s Place factsheets. Please contact us if you would like a copy.

    | 21st June 2014, 09:23:42 | Posted by Kevin Gamble

    Add your comment

    Talk to us

    A coffee, a chat and a free 1-hour consultation

    01904 692689

    Alternatively use our contact form to get in touch with us:

    Professional when it counts, personal when it matters.
    Terms and Conditions

    TMC Accountancy Ltd, 14 Clifton Moor Business Village, James Nicolson Link, York, YO30 4XG. No. 2032018.

    Digital Agency – Parallax