Latest News:
Employee Benefits
The importance of a well structured employee benefits package cannot be overstated and can help a business to attract and retain quality employees. Many employees look to benefits and, in particular pension provision, outside of monetary reward, as a motivator.
At Hart Brown our independent financial advisers will be able to assist in the following areas:
- designing and implementing a competitive pension scheme and ensuring employees understand the benefits of the pension scheme
- liaising with HR and / or payroll to ensure the scheme runs smoothly and with the minimum of administration
Our pensions expert will be glad to advise you on whether your current strategy complies with the current regulations. Employers with 5 or more employees must provide a stakeholder pension scheme. The recent Pension Act will place further new duties on employers to:
- enrol employees automatically in a suitable pension scheme
- pay a compulsory contribution for each employee
- administer the payroll deductions and demonstrate that they are not restricting information or access to the scheme
Employers will need to work out suitable strategies to cope with any increase in cost. The impact will vary enormously. Whatever the employer's circumstances, the need for financial advice has never been greater.
To speak to someone who can help your business with a pension scheme or any other type of financial planning call, email or request a call back from one of our specialist lawyers.