Last year I blogged about how we have to make automatic enrolment easy for small businesses, which is why we launched a specifically designed service called Pension Solution.
Since then, over 300,000 employers including thousands of small businesses have automatically enrolled 7 million workers into a workplace pension scheme. Eventually over 10 million extra people will be saving an additional £17 billion a year into workplace pensions by 2019/20, as recently reported by the Department for Work and Pensions.
These latest figures help highlight the importance of small businesses to the UK economy and the future of pensions and lifetime savings, and we are delighted to be supporting Small Business Saturday again this year.
We know that automatic enrolment can be complex so Pension Solution helps in three straightforward steps:
- Step-by-step guide showing everything you need to know about getting your workplace pension set up for automatic enrolment.
- Impartial guide to pension providers with comparison information and recently updated employer user ratings for nine pension providers.
- Useful resources including handy downloadable communication templates and short films to help your workers understand automatic enrolment.
We also offer a half-day training course that helps provide you with all the basic information needed to implement automatic enrolment.
Find out more about Pension Solution at https://www.pensionsolution.co.uk
Follow us on Twitter: @SolutionPension