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Under new rules outlined in The Pensions Act 2008 all UK employers with at least one member of staff MUST offer a workplace pension that meets certain minimum standards.This means you will have to:
The Pensions Regulator has been very clear. It is the responsibility of employers like you to make sure you comply fully with the new rules.
If you fail to comply with the new rules your business may be subject to statutory notices, penalties or escalating fines.
NEST offers a range of funds so that employees in the scheme can actively and cost effectively manage their retirement pot if they want to
Understand what your responsibilities as an employer are
As an existing customer understand what your options are
Understand the steps as an employer that need completing
Learn which of your employees is eligible to enrol
To find out more about how your business can get ready for Automatic Enrolment, please visit the National Employment Savings Trust website.
We may be able to help customers who are seeking additional support. Contact your local agent.
We'll explain the advice services we offer and our charges.
You can hand over some of the tasks involved in setting up NEST to NFU Mutual.
You will need to know your staging date and number of employees before calling.
© NFU Mutual 2016