Standard (No Advice) Workplace Pension To Comply With Auto Enrolment Rules Only

NO ADVICE - Standard/Minimum Requirements Scheme Only - NEST

We will establish your firm’s pension scheme with the National Employment Savings Trust (NEST) a Public Body Set Up By Government for Pensions Savings:  to comply with minimum employer workplace pension requirements only.  To register you as an employer, establish employee types (if you wish to establish bands) where senior/different employee types have different contribution levels, help with letters/notification announcement for employees, work with you until the first monthly payroll run is completed.

What's included?  This task DOES NOT include advice consultations or presentations to employers or employees.  This is an administrative/compliance service only for employers with no advice to the employer and no advice to employees, who will be issued with member 'joiners packs' only.

Non Face to Face Options: Employer consultations will be done via video link or telephone.

Fees are made up of two parts to make up the total fee:

  1. Core Fixed Fee Element - this is a fixed, flat fee per review.  There are core elements that we do when setting up all workplace pensions such as ' factfinding' i.e.  leaning about your business, its financial position, your requirements, your objectives, your financial knowledge and experience.  Whether you have 2 employees or 50 employees, the same 'timed core work' and set up is required.  Up to 25% discounts apply when selecting Non Face to Face/Remote services and/or Paid Upfront.
  2. Fee Per Employee Element – this is a 'one off' fee based upon the number of employees that the scheme will enroll.  It is representative of the work that we do for you.  E.g.  If you have 50 employees, this is 25 X the work of schemes with just 2 employees, hence a proportionate charge for this.
  3. These are 'ONE OFF' fees.  There is NO ONGOING % adviser charge paid to us unless you require ongoing service.

Pricing / Purchase Options

1. Non Face to Face Paid Upfront
25% Discount
Part 1 : Fixed Fee (Upfront) - £1,155.00
Part 2 : Fee per Employee (Upfront) - £72.60
2. Non Face to Face Paid On Completion
15% Discount
Part 1 : Fixed Fee (Completion) - £1,309.00
Part 2 : Fee per Employee (Completion) - £82.28
3. Face to Face Paid Upfront
10% Discount
Part 1 : Fixed Fee (Upfront) - £1,386.00
Part 2 : Fee per Employee (Upfront) - £87.12
4. Face to Face Paid On Completion
Standard Fee
Part 1 : Fixed Fee (Completion) - £1,540.00
Part 2 : Fee per Employee (Completion) - £96.80

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