Auto-enrolment represents the biggest change in UK pensions legislation for decades. From October 2012, employers will have to automatically enroll eligible employees in to a qualifying pension scheme and make contributions on their behalf.
The implications of auto-enrolment are complex and will require the input of finance, HR, pensions, and payroll personnel, Our Enrolment pro solution provides comprehensive consulting, technology, and communication tools to ensure your journey to auto-enrolment compliance is smooth and trouble free.
From initial mobilisation through detailed budget planning and workforce modelling, our expert consultants will help you build a solution that is right for you and your employees throughout the entire auto-enrolment cycle.
We'll help you choose the right pension vehicle and provider, we'll ensure your investment solutions deliver meaningful outcomes for your employees, and once you are past your staging date we'll help you make sure that you comply with a complex set of regulations and guidelines as laid out by the Pensions Regulator.
Our technology solution, can be deployed alongside your existing payroll, HR and pension provider solutions to ensure that your workforce assessment problems are minimised, and what's more, when you are ready to take the next step, it's capable of growing with you into a fully-fledged employee engagement and flexible benefits platform.
Our services are available as a fully comprehensive solution or on a modular basis.
We can help you to identify your stakeholders, review terms of employment and consider current arrangements. We draw essential data from HR and payroll systems to identify which employees need to be auto-enrolled to ensure legislative compliance.
We will assess your needs and work with you to develop a strategy that supports your HR and employee engagement objectives so that you achieve compliance on time and on budget. We conduct competitor analysis and employee research on your behalf to provide visibility of what your employee’s value and what is available at competing companies
We review your existing pension arrangements for compliance and affordability and our advanced modelling and budgeting tools to help you segment your population and develop a contribution and plan design that delivers against your budgetary and HR objectives. Our detailed market knowledge enables you to choose your delivery vehicle with confidence.
We project manage the process, from pension scheme implementation to benefit broking, stakeholder training and employee communication.
At Buck, we understand that auto-enrolment will affect your organisation long after initial compliance has been achieved.
We provide a proven framework for ongoing plan governance and oversight – whatever your chosen pension vehicle. We can review your funding and investment options over time to ensure the plan continues to meet your requirements and delivers the right outcome for your employees.
Our technology platform can grow with you, from simple auto-enrolment compliance to full flexible benefits, future proofing your benefits design.