workplace benifits

Auto Enrolment

Workplace Pensions and Auto Enrolment

All UK employers are required to automatically enrol eligible employees into a workplace pension scheme and contribute to it regularly. On the surface, auto enrolment is a powerful tool helping employees overcome the inertia of retirement saving. Yet, putting it into practice begets numerous challenges for employers. With the help of local Lighthouse auto enrolment advisers, we can ease the burden of auto enrolment by advising a cost-effective workplace pension scheme suitable to your company and your finances. Our workplace pension scheme delivery is fully supported by the availability of an advisory team to help with implementation, combined with a dedicated administrative team providing on-going service.

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Whether you employ 200 staff members in a large firm or a single assistant, you have certain legal obligations to automatically enrol employees in a workplace pension scheme. Despite every employer in the UK being affected by auto enrolment, many still linger in the dark about what this entails and how it will affect their businesses.

As workplace pension experts, a team of Lighthouse auto enrolment advisers offer guidance regarding your legal duties in establishing a workplace pension scheme for your employees. Moreover, you can expect the following advantages from your Lighthouse adviser:

  • Through an extensive review of the many diverse pensions schemes in the UK (as well as the providers running these schemes), a Lighthouse pensions adviser will help locate the ideal pensions scheme optimised for your company size and financial circumstances.
  • Lighthouse will help create a business forecast exhibiting how your auto enrolment scheme may affect your business’s income and expenses.
  • In establishing, adding to or maintaining a workplace pension scheme, you have a specific set of mandatory legal duties. Failure to abide by these duties could potentially result in sanctions. As such, your Lighthouse adviser can walk you through the specific actions you must take. We will help you overcome the complexities of auto enrolment while distinguishing what you must do from what you can do.

Staff-related expenditures, which includes regular contributions to the pension scheme, comprise about 85 per cent of an average UK employer’s costs. Effectively integrate auto enrolment into your business’s budget with a local Lighthouse adviser at your side.

Running a business carries substantial perks, both economically and in terms of personal fulfilment. An overflowing schedule, on the other hand, is generally not included in the list of benefits of being an employer. To maintain the success of your business, you may have needed to adopt a near-constant, hardworking attitude characterised by long weeks and many working weekends. As such, adding auto enrolment administration to your weekly list of to-dos is neither attractive nor feasible.

Our Lighthouse auto enrolment advisers offer comprehensive on-boarding and maintenance for your entire workplace pension scheme. Not only will continual auto enrolment governance leave you free to focus on the growth and success of your business, but it also puts specialised financial experts at the forefront of the scheme, therein strengthening the financial oversight of your business’s expenses without sacrificing your employees’ futures or job satisfaction.

Based on your business’s needs and a personalised Lighthouse financial review, your local Lighthouse auto enrolment adviser will integrate the workplace pensions plan and then manage its efficacy thereafter. We will help evolve your business’s auto enrolment administration to cater business growth and newfound financial circumstances while ensuring that your business adheres to UK law and the Pensions Regulator every step of the way. If you have any questions or concerns, a UK-based administrative centre will be available to review your company’s auto enrolment operations. Your Lighthouse adviser can also keep watch for any investment options and other factors that could increase the financial benefits of your workplace pension scheme.

As a financial advice services company, Lighthouse wants to see businesses across the UK succeed. We also understand the additional pressures placed on employers due to auto enrolment requirements. Let your local Lighthouse adviser take control of the administrative aspects of auto-enrolment integration and maintenance so that you can delegate 100 per cent of your focus and energy to the prosperity of your business.

A Lighthouse adviser can help employers with all aspects of auto enrolment and workplace pensions. However, Lighthouse also offers employers its own, specially designed workplace pension, the Lighthouse Pensions Trust. This trust may prove to be ideal for a broad range of situations, especially where employers have average staff turnover levels and fewer than 250 employees.

Below are just a few of the advantages of the Lighthouse Pensions Trust:

  • Easy integration and flexibility – Employers have the option to use the Trust for all employees or to make it work alongside a current company scheme.
  • Lighthouse setup and management – Your Lighthouse pensions adviser solely needs some basic information about your employees and your company, and we will oversee the Pensions Trust setup and administration. Furthermore, enroled employees can access their pension details online.
  • Versatile investment options – The Lighthouse Pensions Trust accepts multifaceted investment options based on industry best practices.

By using the Lighthouse Pensions Trust, you’re automatically eligible for the Lighthouse Life Trust. In essence, the Life Trust provides your employees with death-in-service assurance. Tax benefits, preferential terms and competitive rates are but a few of the Trust’s benefits; call Lighthouse today to see how our Pensions and Life Trusts can help your company operate at its fullest potential.

Our auto-enrolment proposition comprises initial advice to businesses from one of the c200 advisers that have registered to participate, backed up by specialist technical support and followed by access to the LPT arrangement with funds managed by AB (AllianceBernstein), a global asset manager with some $490.2 billion of funds under management, and a subsidiary of Eversheds LLP as Corporate Trustee, as well as BESTrustees plc and Lighthouse Benefits Limited.

Lighthouse Pensions Trust

Workplace pensions made easy.

Our Workplace Benefits

Solutions for Life & Medical Insurance plus Key Employee protection.

Important Information: Our automatic enrolment services are not covered by the rules and guidance of the Financial Conduct Authority and we are obliged to comply with the rules and guidance of The Pensions Regulator in advising on matters pertaining to automatic enrolment.

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Why choose Lighthouse ?

A Lighthouse adviser is prepared to work alongside you and develop personalised solutions to initiate an auto enrolment scheme into your workplace.

20+ Years Experience & Industry Accredited Awards

Extensive experience in auto enrolment schemes for businesses of all sizes

Practical solutions for financial security and peace of mind