There are a number of ways employer’s can meet the new legislation which could include the existing pension scheme, putting in place a new scheme from a traditional pension provider or a scheme from a ‘new’ provider such as NEST (National Employment Savings Trust) or Peoples Pension.
The David Allen Financial Services advisers recently attended a NEST super-users workshop at NEST’s offices in London. The workshop covered setting up a scheme on behalf of an employer and the ongoing administration. This event was by invitation only and David Allen Financial Services is one of a small number of firms in the North that have benefited from face to face engagement with NEST.
As more and more companies approach their staging date, the need for advice will increase and may lead to bottlenecks as pension providers may struggle to cope with applications. Taking advice in advance of your staging date can avoid this and David Allen Financial Services can guide you through the legislation.
For a free initial consultation contact Ian Sneddon on 01228 711881.