Pension services for the voluntary sector
New pension service for the voluntary and community sector
NCVO, in partnership with Scottish Widows and financial advisers Lucas Fettes, have launched a new workplace pension and employee benefits proposition designed for all voluntary and community sector employers to help you comply with the new pension reform requirements.
Pensions reform
Lucas Fettes are producing a series of bulletins to help you prepare for pensions reform.
- Download the first Pension Reform Bulletin Workers, jobholders and entitled workers (PDF 175KB)
- Download the second Pension Reform Bulletin Compulsory employer contributions (PDF 213 KB)
The pensions landscape in the UK is changing dramatically. From 2012, the Government is implementing changes to pensions legislation to help make it easier for more people to save for retirement.
Between 2012 and 2017 all employers will have to automatically enrol all eligible employees into a qualifying pension scheme and make contributions to their plan. Employers will have additional regulatory requirements to be aware of and non-compliance could result in fines. The Government has recently announced a revised timetable for auto enrolment (Feb 2012) and the dates that are now applicable are:
Number of PAYE employees From To
250+ 1 October 2012 1 February 2014
50 to 249 1 April 2014 1 April 2015
Test tranche for less than 30 1 June 2015 30 June 2015
30 to 49 1 August 2015 1 October 2015
Less than 30 1 January 2016 1 April 2017
New service
This new service takes advantage of the flexibility and choice available within the new rules, enabling voluntary and community sector employers to offer a comprehensive workplace savings solution that complies with the new legislations, is valued by employees and is available at a competitive price usually only available for large organisations.
The new workplace pension service is applicable to both small organisations looking to offer their employees a pension for the first time to meet legislative requirements, as well as larger organisations who are looking to review their existing pension arrangements to see if they can provide better value and greater flexibility to their employees.
Benefits
- Competitive price
- Offers employees flexibility in retirement
- Simple investment choice that keeps employees needs at heart
- Access to mymoneyworks – the online financial education and planning facility for your employees
- Access to financial advice from Lucas Fettes
- Dedicated and simple administration and servicing plus ongoing support
- Assistance in complying with new government legislation on pensions auto enrolment.
Find out more
Find out more about the workplace pension service and pensions reform on Scottish Widows website.
The new workplace pension and employee benefits solution is built around Scottish Widows award winning Group Personal Pension with online financial education and planning facility mymoneyworks, and a financial advice service from Lucas Fettes.
Apply now
It’s easy to set up an NCVO workplace pension scheme by applying through Scottish Widows website.
Contact
For more information and advice on establishing a scheme or to replace an existing one please contact the Lucas Fettes team by telephone 0845 357 8910 or email ncvo@lucasfettes.co.uk.
About our partners
Lucas Fettes is an independently owned Lloyd's Insurance Brokerage, Financial and Employee Benefit advisory practice. Lucas Fettes & Partners are an independent supplier of financial services and insurance solutions to both businesses and individuals. Lucas Fettes & Partners are able to offer a service to clients throughout the UK through their network of offices.
Scottish Widows has been helping people prepare for the future since 1815. Our goal is to help our customers protect the people they love and prepare for a secure and prosperous future. Scottish Widows specialise in Corporate Pensions and workplace savings and currently look after over 43,000 group pension schemes of all sizes and over 2m customers. Using a combination of expert staff and award-winning online services, Scottish Widows take pride in providing professional service you can trust. Scottish Widows help employees, employers and advisers on every step of their journey with a broad range of corporate pension services offering new and innovative ways to help employees save for their future.
