Pensions For Flooring Contractors
Pensions for flooring contractors
B&CE has launched The People’s Pension in response to the new system of ‘auto-enrolment’, under which all workers will be entitled to a pension that comes with their job and includes mandatory contributions from their employer.
The date when auto-enrolment is switched on for a business is known as the staging date. The Pensions Regulator website sets out when the staging date for a UK employer will be based on their PAYE code. www.thepensionsregulator.gov.uk
In advance of their staging date, employers need to select a pension scheme so that they are prepared. For those companies that do not want to get involved with all aspects of running a pension, The People’s Pension is a simple approach that is built around the needs of both employer and worker and has a number of key benefits:
As a not-for-profit organisation, B&CE only apply one 0.5% annual management charge;
From initial sign up through to the ongoing administration, support is available at all times;
The administration systems have been designed with ease-of-use in mind and integrate with many payroll providers’ existing software; and
Communications are clear and jargon-free, making it straight forward to explain auto-enrolment to employees.
By providing an all-round solution, The People’s Pension is well suited for flooring and other specialist contractors and will allow them to meet their new obligations, whilst keeping the focus on running their business.
Darren Philp, head of policy at B&CE, says:
‘We don’t think pensions should be complicated. At The People’s Pension, simplicity is at the heart of everything we do. We provide assistance and support to the employer at every stage and are continuing to improve our systems and process to give employers the best user experience possible.’
This article has been reproduced from the Contract Flooring Journal website. You can find them at www.contractflooringjournal.co.uk.