Outsourced auto-enrolment services. Saving you time, resource and reducing your risk

Transcription

1 Outsourced auto-enrolment services Saving you time, resource and reducing your risk

2 The right solution for your business Auto-enrolment is confusing and places additional pressures on your business. We specialise in providing outsourced support and work as an extension of your team, helping you to focus on what really matters - your business. By 31 December 2017 TPR had served 79,879 compliance notices to employers for failing in their auto-enrolment duties resulting in 32,211 fixed penalty notices and 6,770 escalating penalty notices (EPN). * *Source: regulator-claims-firm-illegally-opted-staff-out-of-pensions/ 2 Outsourced auto-enrolment services

3 Why outsource auto-enrolment? Value for money We help to completely remove the problem and when compared with the true total cost of running auto-enrolment yourself, our solutions provide exceptional value for money. Pensions experts There s no need for you to become a pension s expert with over 15 years' experience, we already are. Resource Our fully outsourced solutions have been designed to completely remove the time and resource burdens. Compliant There are big risks with getting auto-enrolment wrong, or ignoring it, so ensure you are compliant in your duties. Saving you time, resource and reducing your risk 3

4 Fully outsourced solutions From our extensive experience of managing auto-enrolment projects we have designed three solutions to meet the differing needs of employers. Each service is categorised by the number of employees you have and provides everything you should need to deliver a fully compliant auto-enrolment solution. Furthermore, they can be customised with additional features* to perfectly fit your business needs. Complete Express Managed Up to 5 employees Up to 25 employees Up to 250 employees Monthly payroll only All payroll frequencies All payroll frequencies Includes Includes Includes Qualifying pension scheme Initial set-up System configuration Data cleansing and mapping Qualifying pension scheme Initial set-up System configuration Data cleansing and mapping Qualifying pension scheme* Initial set-up System configuration Data cleansing and mapping Monthly administration Monthly administration Monthly administration Fully outsourced Project management Statutory communications Full audit history Fully outsourced Project management Statutory communications Full audit history Fully outsourced Project management Statutory communications Full audit history *additional costs will apply 4 Outsourced auto-enrolment services

5 Initial set-up Setting up an auto-enrolment scheme will be one of the most important aspects of your project. We ensure that you get it right first time, reducing the risk of non-compliance in the future. Set-up includes: Assistance from our dedicated auto-enrolment team. We don t just provide software and leave you to get it right. A system configured to meet your specific requirements; not a one size fits all approach. Data cleansing and mapping to ensure that your data is in good shape, leading to a smooth and compliant service going forward. If you make a mistake early on and run your project for 12 months, processing the wrong data each time, not only will you bear the cost to rectify the errors, but you could face penalties from The Pensions Regulator. Saving you time, resource and reducing your risk 5

6 Complete service Monthly payroll only Only 60 per month This is the quick and straightforward way to compliantly deliver your autoenrolment duties with minimum involvement. Eligibility criteria This service is designed for businesses with: Up to 5 employees 1 monthly payroll When you consider the true total cost of your internal resource, pension provider fees and any software licenses, Complete provides exceptional value for money. 1. High quality pension scheme Complete includes a Group Personal Pension supplied by one of the UK s leading pension providers, normally only available to larger businesses. 2. Everything set up for you Initial upload of your employee data Project management Certification with The Pensions Regulator 3. Each month we will: Upload your pay data / earnings report Validate and check your data for accuracy Run assessments on your behalf Issue personalised and branded employee communications Check outcomes and resolve any queries Issue payroll deduction schedules to your payroll system Produce contribution reports and issue to provider Keep a full audit trail of your auto-enrolment project 6 Outsourced auto-enrolment services

7 Express service All payroll frequencies From 105 per month With little involvement, Express provides a fully compliant solution for auto-enrolment. Eligibility criteria This service is designed for businesses with: Up to 25 employees Express has been designed to provide a hassle free and compliant service. 1. High quality pension scheme Express includes a Group Personal Pension supplied by one of the UK s leading pension providers, normally only available to larger businesses. 2. Everything set up for you Initial upload of your employee data Project management Certification with The Pensions Regulator 3. Each month we will: Upload your pay data / earnings report Validate and check your data for accuracy Run assessments on your behalf Issue personalised and branded employee communications Check outcomes and resolve any queries Issue payroll deduction schedules to your payroll system Produce contribution reports and issue to provider Keep a full audit trail of your auto-enrolment project Saving you time, resource and reducing your risk 7

8 Managed service All payroll frequencies From 215 per month This service quite simply takes the project off your plate and has been designed to reduce your workload and risk exposure to a minimum. Our managed service provides everything your business needs to deliver a fully compliant auto-enrolment solution. 1. Pension selection service This service offers a reduced initial set-up fee for businesses who already have a Qualifying Pension Scheme. Alternatively you can use our pension selection service to source a compatible scheme for a reduced rate of We will set everything up for you Initial upload of your employee data System configuration to your requirements Certification with The Pensions Regulator. Eligibility criteria This service is designed for businesses with: Up to 250 employees The most efficient and fully customisable autoenrolment service allowing you to compliantly manage your duties. 3. Each month we will: Upload your pay data / earnings report Validate and check your data for accuracy Run assessments on your behalf Issue personalised and branded employee communications Check outcomes and resolve any queries Issue payroll deduction schedules to your payroll system Produce contribution reports and issue to provider Keep a full audit trail of your auto-enrolment project 8 Outsourced auto-enrolment services

9 Service fees Complete Express Managed Initial set-up (one-off fee) More than 1 month to staging date 1,035 1,550 1,140 Less than 1 month to staging date 1,565 2,110 1,720 Post staging date 2,080 2,670 2,295 Monthly administration 60 per month* 105 per month* 215 per month* Transitional data cleansing Takeover of legacy administration arrangement Pension scheme selection service (one-off fee) When purchased with our Managed service 695 When purchased as a stand-alone service 825 All fees are subject to VAT, annual RPI increases and payable directly to Johnson Fleming by Direct Debit mandate * Additional fees apply to multiple and alternative frequency payrolls Saving you time, resource and reducing your risk 9

10 Additional services As an employer your decision in selecting a high quality workplace pension scheme should be fundamental to your role. A bad decision early on could have long-term consequences for your employees, which ultimately will be more costly to your business than the short-term gain of saving money or keeping payroll happy. Pension selection service We will source and set up a suitable qualifying workplace pension that s right for your business. You will be provided with a recommendation report to demonstrate you have fulfilled due diligence in your pension selection process. We can also access preferential terms from certain providers which are not commonly available. Source and set-up a qualifying auto-enrolment scheme with recommendation report 825 Do you have more than 250 employees? Every business is different and each has its own requirements. If you feel you need something more from us, please get in touch with us: online@johnsonfleming.com We will customise a service that exactly fits your needs and helps you to deliver your wider business objectives. We can help with: Scheme reviews Communication programmes Auto-enrolment audits Re-enrolment projects Salary sacrifice implementation Certification checks. 10 Outsourced auto-enrolment services

11 For more information Johnson Fleming Limited Fleming House Bromsgrove Enterprise Park Bromsgrove B60 3AL Saving you time, resource and reducing your risk 11

12 Johnson Fleming Limited is authorised and regulated by the Financial Conduct Authority. Registered office: Fleming House, Bromsgrove Enterprise Park, Bromsgrove B60 3AL. Registered in England and Wales, registered number The Financial Conduct Authority does not regulate some forms of auto-enrolment. All fees are subject to VAT, annual RPI increases and payable directly to Johnson Fleming Limited by Direct Debit mandate. JF Outsourced auto-enrolment services