The structure of the UK pensions arena is evolving. The Government has introduced new pensions reforms to help people save properly for their retirement and with them come big changes in the way we plan for our retirement. The new reforms need to be dealt with in the most efficient manner for all concerned for the best results to be achieved.
The reforms are going to affect all employers and employees. Everybody needs retirement savings and the Government no longer feels that people should rely on the state for their retirement provision. Therefore major changes are being made in how people save for their retirement.
As a result of the changes, employers will have more burdens and responsibilities which will include increased administrative costs, exposure to risk and legal responsibilities.
At Melville Independent plc we work with a firm Autoenrolment (UK) Limited who have a system specifically designed to ensure that they comply fully with the new legislation. www.enrolme.co.uk