B&CE, NSCC’s key partner for pensions and other employee benefits, has re-launched its online hub which helps Specialist Contractors to comply with their workplace pension duties.
The latest version is designed to assist employers in the construction industry with new legislation for workplace pensions and provides information as well as a quick and easy sign-up portal for joining B&CE’s multi award-winning scheme, The People’s Pension.
The hub was originally launched at the NSCC AGM in November 2014 and has now been updated so it is more intuitive and easier to find key information. The People’s Pension is ideal for Specialist Contractors as it provides an all-round workplace pension solution that allows them to meet their obligations, whilst keeping the focus on their business and without having to get involved with all aspects of running a pension.
By law, any employer with one or more employees has to provide a suitable workplace pension, enrol certain employees into it and make contributions on their behalf. This is called ‘auto-enrolment’ as employees don’t need to do anything to be enrolled, but employers do have to take steps to ensure they are.
The date when auto-enrolment is ‘switched on’ for a business is known as the ‘staging date’ and The Pensions Regulator’s website sets out when the staging date for a UK employer will be based on their PAYE code. In advance of their staging date employers need to select a pension scheme so that they are prepared.
For more information the updated auto-enrolment hub can be found on the B&CE website.