Ongoing reliable support, advice and guidance.
Most employers are by now au fait with the requirements and responsibilities placed on them under Auto Enrolment legislation. Whether you are using Defined Contribution schemes for enrolment of staff, or Defined Benefit, Broadstone can offer tailored support to help you continue to comply, keeping abreast of changing requirements and market options.
Consideration of certification and re-enrolment duties, as well as ongoing suitability of default fund investment options form a core part of our Defined Contribution pension scheme governance services. Where required, we can also provide access to ongoing or ad-hoc assessment and communication tools and support to bolster and supplement any gaps in payroll and pension provider systems.
Healthcheck and audit services
Broadstone are also experienced in helping to support you when things haven’t gone quite right in your compliance journey, and in helping you to identify what issues you might need to address. We can carry out bespoke health check and audit exercises to ensure that your processes are working as intended, and provide you with expertise and experienced support to put things right where required.
These can be particularly useful exercises to conduct where you are involved in corporate activity, such as acquisitions, where unspotted historic AE breaches can spell costly remedial action and even regulatory involvement and fines. Whereas in the past such hygiene checks were commonly only carried out where Defined Benefit liabilities were being brought on board, these days Defined Contribution plans need equal consideration within your due diligence procedure.