When auto-enrolment legislation was first announced in 2008, as a way to get the UK saving for retirement, most businesses saw this as something they would have to address in the future. Fast forward five years - and that future is here! We have the answers and the system to aid you with auto-enrolment. So what are you waiting for? Pension reform means that employers will have a duty to make pension provision of a qualifying standard for their staff. This will apply from a Staging Date between 2012 and 2018. Your staging date depends on the size of your organisation and your staging date has already been set, irrelevant on the size of your company. Bright Financial Solutions Ltd has a wealth of knowledge about current legislation, meaning you don't have to worry about missing a deadline. As an employer, you must comply with all of your duties. The Pensions Regulator will audit all companies to make sure they are fulfilling their duties and there are substantial fines that may be levied against those that do not comply. As this is not a payroll exercise, dont assume your accountant is sorting this. The recommended time to start preparation is 18 months. If your accountant hasnt started asking you for information, then they may not be sorting it. Have you checked with your Work Pension Provider if they have the necessary provision in place? Even if your Pension Provider fits, you still have employer duties even if you have a pension scheme that meets the minimum requirements. NEST is a pension scheme into which pension contributions from auto-enrolment can be paid and invested. However, there are employer responsibilities that NEST will not undertake on your behalf. Employers will need to automatically enrol eligible employees into a qualifying pension scheme. They will also need to make pension payments for them. Employees can opt-out but they must be automatically re-enrolled approximately every three years.