Small Business Saturday Blog

A Pension Solution for small businesses tackling automatic enrolment

Tuesday, December 01 at 10:11Finance | Quick Guide | Small Business | Small Business Saturday | Small Business Saturday 2015 | Top Tips

Joanne Segars, Chief Executive of The Pensions and Lifetime Savings Association, highlights how small businesses can prepare for automatic enrolment.


Automatic enrolment will require every UK employer to put certain staff into a pension scheme and contribute towards it. We know this may seem a daunting task, which is why we've launched Pension Solution. It has been designed specifically for small employers, to take the hard work out of implementing a workplace pension scheme for the first time.

Planning and preparing for automatic enrolment means thinking ahead: what you need, and whose help will make it easier to complete key tasks and estimate costs. These are the key steps I’d recommend to take when getting your small business ready for automatic enrolment:

  • Find out your staging and declaration date  using your PAYE reference from The Pension Regulator’s website
  • Go through a step by step guide to setting up, get familiar with what automatic enrolment means for you and your workplace.
  • Research and select a pension provider that suits your needs
  • Communicate and explain how automatic enrolment will affect your workforce 

Pension Solution helps with each of these steps. The online service will provide the know-how and tools you need to tackle automatic enrolment confidently and successfully. We also offer access to a free half-day face to face training course for those who prefer the human touch.

We’re delighted to be supporting Small Business Saturday for the first time this year because we recognise the vital role small businesses play in the UK economy.

Over 67,ooo employers have already enrolled their staff into a workplace pension, with 5.5million employees now benefitting from a workplace pension and saving for retirement. 1.8 million small and micro employer workers will now join over the next three years if they earn £10,000 or more a year, increasing the amount that is being saved in workplace pensions by around £15 billion a year, according to the DWP Automatic Enrolment evaluation report 2015.

Through Pension Solution we are bringing 90 years of expertise in workplace pensions to help small businesses through automatic enrolment and beyond. It is our status as an independent not-for-profit trade organisation with an impartial view that makes us different.

Automatic enrolment is our best chance of getting the nation into the habit of saving for retirement, and we must focus on making the process as straightforward as possible for small businesses like you in particular.

Pension Solution does just that and we warmly invite you to join our membership on Small Business Saturday so that we can help, represent and work for you.

The Pensions and Lifetime Savings Association will be supporting Small Business Saturday UK on 5th December 2015 by offering a 70% discount on the normal £49 subscription to join Pension Solution as a member. Use voucher code BIZSAT1 when joining online. Follow us on Twitter: @SolutionPension

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