The government has recently made it compulsory for you to start a pension for your employees. You will need to automatically enrol them, as they become eligible depending on your company’s size.
At Brooms Payroll and Pension Solutions Ltd we can provide everything you need to know and do, to set up an Auto-Enrolment scheme.
22 and State Pension age
Earn at least £10,000 a year
Working in UK and not in other qualifying scheme
There are 5 stages to the financial planning process, each of which is separately costed, although the initial consultation is at our expense:
The initial consultation will comprise of:
There is no charge for this initial consultation
We will carry out an assessment of your requirements, in respect of the compulsory implementation under Auto Enrolment/Workplace pension legislation. This will include:
When you receive our summary it will be your decision whether to implement our recommendations either, completely or in part
*Any financial advice provided will be via Broom Consultants Limited who are authorised and regulated by the Financial Conduct Authority.
At Brooms Payroll and Pension Solutions Ltd, we believe that you should have the opportunity to tailor our service level to your requirements, and have produced a selection of tailored options to either the basic or standard service packages. These can be discussed and added prior to implementing this agreement or can be included at a future date.
We recognise that all clients do not have the same service requirements, therefore even though we do provide a guideline by way of our bandings, you are free to choose the level of service that best suits your needs - the levels of service will be discussed and your selection agreed.
Our fees for this part of the service are covered in detail within our Service and Fee Agreement, which should be read in conjunction with this document.
We will advise you and make a recommendation for you after we have assessed your needs, with our recommendations being based on a comprehensive and fair analysis of the market. We will place no restrictions on the investment markets, we will consider before providing our investment recommendations, unless you instruct us otherwise. Above all we will only make a recommendation when we know it is suitable for you.