To encourage working people to make retirement provisions, all companies with employees on a payroll are now required by law to offer pension schemes on an automatic enrolment basis.
Lycetts is an expert at advising a wide range of companies on the options available and helping them to implement the right scheme.
Lycetts assesses the requirement for compulsory workplace pension schemes according to age and salary criteria that result in employees being categorised as eligible, non-eligible or entitled. Working in partnership with the employer, Lycetts aims to keep costs from annual management charges and employer fees to a minimum.
Lycetts helps clients understand what should happen to existing group pension plans and how to manage their transfer across to auto enrolment schemes. Each year, a dedicated Lycetts adviser provides clients with a review of group pension plan performance over the past 12 months, including a review of the default investment fund, and helps with employee enquiries.
To find out more about auto enrolment pensions and what your company should be doing to abide by the law, get in touch with our professional advisers without delay.