How to take the headache out of Auto-Enrolment!

In March 24, 2016
Comments off


Auto-Enrolment – The calm before the storm!

I read an interesting article which suggested that so far the roll out of Auto-Enrolment has been relatively successful, but that we shouldn’t get complacent! The real hard work begins now, as over the next two years around 1.8 million employers will reach their staging date.

According to the article “some employers have struggled to meet their legal requirements and have been subject to compliance action. Up to the end of September 2015, more than 3,000 of the Pensions Regulator’s powers have been used, including 582 fixed penalty notices!

The storm on the horizon!

The problem is that in 2016 and 2017 it will be the turn of small employers with only a few members of staff to enrol.

As the article says; “it is likely that the provider market will contract for these smaller employers as they are not financially viable for some pension providers. In addition, it’s likely that the Regulator will need to use its powers more often as smaller employers are less likely to have access to the advice they will badly need.”

How to have a stress free Auto-Enrolment experience!


Be proactive!

Don’t stick your head in the sand. Employers who plan and prepare for this ahead of time, are going to have a stress free staging!

Budget for it!

Start cash-flow forecasting for this cost so you know it is affordable and sustainable to the business.

Stage early!

Consider staging early to phase contribution levels in over time, which will make the cost easier on the business and your employees.

Assess your business needs!

Use the set up of your Auto-Enrolment scheme to assess your business needs. If you pay employees weekly or bi-weekly, Auto-Enrolment could be the perfect opportunity to change the pay frequency to monthly or 4 weekly, cutting down on the administration and time spent running weekly payroll.

Payroll – in house or outsource?

Decide if you will continue to run your payroll in house or whether to outsource it to your Accountant, this can take a lot of the headache out of running the pension contribution calculations every pay day.

Automate your Auto-Enrolment

Use technology wherever possible to take all the manual work off of your shoulders. Some solutions will automatically generate and email all your employees with all the regulatory and compliance documentation at the touch of a button.

Take Advice

You are responsible for how your employees money is invested, this along with all the other regulatory and compliance responsibilities means it is not worth the risk of doing this on your own! Avoid the potential liabilities and penalties and take financial advice!

At Redwood, we love working with small to medium size businesses, just like our own family business. So it’s no surprise that we have an Auto-Enrolment Solution that is affordable, automated and so easy it works for any size business! We can help companies with 1 to 100 employees, give you a fully advised service and take away all the stress of your Auto-Enrolment responsibility for a one off fixed fee!

To read the full article click here or for more information just contact the office on 01489 877 547 or email me:


Your capital is at risk. Investments can fluctuate in value and investors may not get the amount back they invest. Past performance is not a guide to future performance. Tax rules can change at any time.

 Please remember your home or property may be repossessed if you do not keep up repayments on your mortgage.  We give clients the option to pay for mortgage advice by fee rather than commission. Equity Release refers to lifetime mortgages. To understand the features and risks, ask for a personalised illustration.

 The Financial Conduct Authority do not regulate, Will Writing, Buy to Let Mortgages, Auto Enrolment, Tax Advice and Estate Planning.

 The opinions contained within this blog, do not constitute financial advice and no action should be taken based on this content alone.


Jasmine has been a qualified Financial Planner since 2008. She has also been a member of the Society of Will Writers since 2012. She is passionate about helping Clients build their wealth and achieve the financial lifestyle they desire. Her areas of expertise are that of Savings, Investments, Pensions and Retirement Planning.

Comments are closed.


Redwood Financial Family Wealth & Estate Planners Ltd is Directly Authorised and regulated by the Financial Conduct Authority. FRN number 774469.

Subscribe to our free monthly Wealth Management update.


The Financial Conduct Authority do not regulate, Will Writing, Buy to Let Mortgages, Auto-Enrolment, Tax Advice and Estate Planning. Your capital is at risk. Investments can fluctuate in value and investors may not get the amount back they invest. The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.

Contact us

Telephone: 01489 877547

Company information

Redwood Financial Family Wealth and Estate Planners Ltd Company Number: 08926661
Registered Office Address: Wellesley House, 204 London Road, Waterlooville, Hampshire,