The biggest change in years is around auto enrolment. Under this, companies will be required to have a company pension scheme available to all employees and for employers to make contributions.
If you already operate this, there is no need to change or introduce a new scheme as long as the existing one qualifies.
All employees will be automatically enrolled although there will be the opportunity for employees to opt out.
The contribution for both employees and employers is being phased in so that by October 2017, the employer pays 3% and the employee 4%.
If you are interested in having a scheme set up which is fully compliant with these new requirements, please contact us for recommendations of scheme providers.