Auto Enrolment

What pension schemes could I choose from?
The pension reform is specific about the kinds of pension schemes that ‘qualify’. It’s important that your chosen scheme qualifies, even if it’s a scheme your business has already had in place.

To qualify a scheme must:

  • Permit automatic enrolment
  • Enrol employees automatically within 3 months of joining
  • Have a “default” investment option
  • Recognise the likely characteristics & needs of employees
  • Offer the appropriate balance between risk & return
  • Have a glide path to safer assets as retirement approaches
  • Meet one of the minimum contribution tests
  • Have an opting out facility
If you would like to know how BlackStone Accountancy could help you to implement auto enrolment in your business, please contact us on 0800 043 3046.