The National Pension Trust can be used as a Qualifying Scheme for auto-enrolment purposes, addressing much of the governance and administrative hassle on your behalf. Further support can be provided to assist you in addressing broader auto-enrolment challenges. Auto-enrolment is not just about pensions!
Addressing Human Resource and Payroll implications
Auto-enrolment will impose significant complexity on payroll and human resource functions. Costs, risks and workload will increase and peak around Staging Dates.
Xafinity has developed specialist auto-enrolment software to interface with an employer’s existing human resource and payroll software, avoiding the need for system upgrades which could be costly and time consuming to deploy. Alternatively, part or all of the auto-enrolment administrative task could be outsourced to Xafinity’s specialist auto-enrolment team, removing the cost and complexity from the employer.
Understanding financial implications
Xafinity has developed a unique interactive financial modelling tool, to support employers in determining their optimum DC Scheme Design. The model provides employers with confidence that they have modelled all available scenarios and explored all practical options, before choosing the strategy that best suits their organisation.
Maximise return from Employer spend
The quality of the National Pension Trust provides members with high levels of support, whilst removing the cost, hassle and liability from the employer. Appropriate benefit design is vital, an aspect that Xafinity can support you with.
Planning and preparation
Early preparation is essential to ensure that changes required to systems, processes and communication materials are identified and effectively addressed. The National Pension Trust can help you to satisfy these requirements.
Further information can be obtained from www.xafinity.com/auto-enrolment