BusinessKitBag 4:10 pm January 24th, 2017

Workplace Pensions

Auto enrolment workplace pension providers for smaller employers

About Workplace Pensions

Workplace Pensions will become mandatory for all employers in the UK by February 2018, under the "Automatic Enrolment" scheme.

Workplace PensionsAuto enrolment is administered by the Pensions Regulator, and requires employers to set up a scheme and make contributions towards each employee who:

  • Is aged between 22 and the State Pension age,
  • Earns over £10,00 per year, and
  • Works in the UK.

You must have a scheme set up and any qualifying employees enrolled in it by your business's "staging date". You will be advised of your staging date, but can check it along with full details of your obligations as an employer at the Pensions Regulator website.

There are a large number of workplace pension schemes available. We have made our selections based on a range of factors including Defaqto rating, small business approach, and online administration tools.

Box Pensions

(5/5 from 1 review)

Don't just tick the box

Box Pensions is an exciting new brand of the Salvus Master Trust aiming to provide the Auto Enrolment market with a high quality pension scheme accessible to all medium, small and micro employers. If you are running a company that wants a good pension solution that truly benefits your staff then don't just tick the box with setting up any old pension scheme, open a Box Pension and see how you can do as good a job for your people as you might ask of them. | View Profile

Setup Fees: £300     Admin Fees: Nil

NOW: Pensions

(2/5 from 1 review)

Auto enrolment. Smarter. Simpler. Better.

NOW: Pensions is a simple way to provide a workplace pension. With an easy online sign up, access to all the tools and guidance you need to set up and manage auto enrolment, our quality-assured pension scheme is suitable for all types of businesses. Ideal for companies looking for complete support to set up and manage auto enrolment. | View Profile

Setup Fees: Nil     Admin Fees: £36/mth

Smart Pension

(5/5 from 1 review)

Free pension auto enrolment for business

Smart Pension was founded by experienced finance & technology professionals and has been designed specifically to support UK businesses faced with the challenges of auto enrolment. With thousands of satisfied employers, advisers and employees now using the platform, we know we offer the best workplace pension solution currently available in the UK. | View Profile

Setup Fees: Nil     Admin Fees: Nil

NEST

(4/5 from 1 review)

NEST is the workplace pension set up by government

NEST has been set up by the government especially for auto enrolment. We’re here to make sure that every employer has access to a workplace pension scheme that meets the requirements of the new pension rules. | View Profile

Setup Fees: Nil     Admin Fees: Nil

The BlueSky Pension Scheme

(5/5 from 1 review)

Advanced investment thinking

Operating for over 30 years, The Bluesky Pension Scheme is the chosen pension scheme for many industries and partnerships covering over 1 million employees and prides itself on innovation and value for money offering Target Date Funds as a member default and the opportunity to drawdown pension benefits in the UK’s first Trust based drawdown scheme, Crystal, operated by BlueSky Pensions UK Ltd. | View Profile

Setup Fees: £450     Admin Fees: £10/member/year

Lighthouse Pensions Trust

(5/5 from 1 review)

Workplace pensions made easy

Auto enrolment is a reality for many UK businesses, but this doesn’t mean that setting up a workplace pension scheme has to be expensive and time-consuming. To ease the application and ongoing management of your pension scheme, we offer the Lighthouse Pensions Trust as a straightforward, value for money solution. | View Profile

Setup Fees: From £950     Admin Fees: From £25/mth

The People’s Pension

(5/5 from 1 review)

The complete pension package for small businesses

The People’s Pension is a multi-employer scheme with independent trustees and is operated on a not-for-profit basis. It’s a hassle-free, flexible and portable workplace pension designed for people, not profit. And it’s suitable for any organisation, large or small, in any sector. | View Profile

Setup Fees: £500     Admin Fees: Nil

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