Auto-enrolment – the requirement to enrol workers automatically in a qualifying pension scheme – started for the biggest employers in October 2012. Designed to reinvigorate pensions saving, especially for the low paid, its rules are complex and far-reaching. They affect all employers and many of their processes. Compliance will be testing, not just at launch but ongoing, and fines for non-compliance will be substantial. At first sight auto-enrolment is about pensions. On closer examination it is also about payroll, insured benefits, flexible benefits, salary sacrifice, risk, data, HR systems, processes and more. Preparation requires excellent project management and coordination across the benefits field and beyond. Its impending arrival is prompting many organisations to review their whole benefits programme.
Auto-enrolment demands expertise and capacity across the employee benefits field from a team of professionals who understand both the auto-enrolment rules and the commercial and operational implications for entire benefits programmes.
Aon Hewitt’s employee benefits consultants have worked with over 60 clients, large and small, to prepare for auto-enrolment. Aon Hewitt brings together experts from all the affected areas to ensure a coordinated approach to achieving not just compliance but also business solutions that meet each client’s needs. The knowledge and experience gained in helping our larger clients is now being applied to our smaller clients. We have also developed sound knowledge of the auto enrolment marketplace for both pensions and payroll compliance solutions.
The implementation and ongoing administration of auto-enrolment will also be challenging and carries risk for your business. It requires specialist expertise and you need complete confidence that the solution you choose will deliver long-term peace of mind. Aon Hewitt has worked closely with clients to develop The Auto Enrolment Solution - an online solution designed to take the challenge of auto-enrolment away from you.
To find out how you could benefit from our Employee Benefits consulting services, please call on +44 (0) 207 086 1890 or email email@example.com.
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