Auto Enrolment Software
Auto Enrolment Solutions
Presently there is jargon free software available that takes care of all your auto enrolment needs, both in terms of the regulatory requirements and the practical day to day duties.
With the Pensions Act 2008 and the duties associated with auto enrolment, there are many key requirements that will need implementation, monitoring and rigorous reporting back to the Pension Regulator. Keeping a solid audit trail and maintaining records for six years is essential. Knowing which employees are affected, which have opted out and ensuring they will be auto enrolled every three years, managing the pension contributions and liaising with payroll and HR will be key.
Our software will take care of all the employer duties to make sure you’re fully compliant with all the new requirements at a minimal cost compared to setting up new in house departments and employing staff to manage the process.
When we talk to companies the question we are most often asked is “why do I need to do anything now when my staging date is not imminent?” The 43 Staging Dates allocated to UK firms range from October 2012 to September 2016, with the larger firms going first and the smaller last. With over 600,000 firms reaching their Staging Dates in the 2015 the obvious advantages of jumping what is potentially a queue of a million other employers is compelling to many of the firms we are speaking to each week.
Acting earlier than they need to will guarantee our method of providing full compliance whereas waiting until the queue forms may not. Acting early also adds many other benefits, including the opportunity to introduce valuable flexible employee benefits through our software. Additionally you can introduce the costs of the reforms themselves over a period of a few years while potentially mitigating those costs by utilising the powerful salary exchange processes that are built into the auto enrolment software.
At Credencis, we have a comprehensive suite of options to suit all businesses, whatever your needs.
Main benefits of acting early
By acting now, your business can pre-book its place in the queue, ensuring that you are 100% ready for your staging date without incurring unnecessary expense between now and implementation.
It is possible that these options will not be available to book and implement within a few months of your business staging date due to the expected demand on providers.
For businesses requiring the auto enrolment software we can either offer this from the outset or can be upgraded at a later date.
From time to time it may be necessary to update/upgrade the systems in place and this would be done free of charge to ensure you were always 100% compliant with the regulations.
Whatever your requirements, we have a solution for you.