We have been involved with our long standing successful business client for many years, specifically looking after the management team. These key members of staff had a number of historic arrangements including Personal Pensions, Executive Pension Plans (SIPP’s) and salary sacrifice arrangements. Last year we started discussing the impending requirements for Auto Enrolment and how it would affect their business. Being a smaller company they were made aware of their staging date and the obligations at that time. Although they would not immediately be required to set up Auto Enrolment, this was nonetheless something they could not ignore.


To implement an Auto Enrolment pension scheme.


We put to the employer the following options:

1. Do nothing until staging date.
2. Commence pension scheme membership to all employees now, at the eventual minimum contributions 3% employer, 5% employee (8% total).
3. Introduce a scheme on a tiered contribution basis in anticipation of the requirements.


Accordingly, as at  1st October 2014, we introduced a new scheme where the employer will contribute 1% as long as the employee matches the contribution. Each year thereafter the employer contributions increases by 1% and once again is matched by the employee. At the end of 4 years the contributions will be 8%; 4% each.

What we have achieved for our client.

1.  A qualifying scheme implemented smoothly, well before the required deadline.
2. A cost effective solution by the staging of contributions over a four year period.
3. An employer seen as being proactive by the employees for having instigated a scheme on a voluntary basis.
4. The provision of opportunity for all employees to generate high levels of retirement funding.

In addition to this we have subsequently reviewed the existing retirement plans of many of the employees and upgraded them where possible.




My wife and I are now both retired and have relied on Wealthcare for guidance and advice on pensions, our investments and on a wide range of financial issues. We have never been failed and the advice has always been prompt, reliable, professional and, equally as important, explained in non financial jargon thereby making understanding so much simpler.

Mr & Mrs Franks - Individual Clients

Both myself and my business partner Andrew have used Wealthcare for a number of years now and cannot recommend them highly enough. They've arranged plans which protect us in several areas including life insurance, critical injury and key man cover, Stephen also organised for a shareholders' agreement to be put in place for extra peace of mind.

Sizzle Creative Agency Limited

It wasn’t hard to choose Wealthcare from the list of brokers eager to win our business. From the very start, they sought to understand our company’s particular needs and (importantly) how I choose to work. They listen and deliver. Available to discuss any query, they are friendly, easy to communicate with, responsive, and always looking to go the extra mile to meet our expectations. How could I do anything other than heartily recommend this excellent organisation.

Timpson Limited

The Healthcare team have been a pleasure to deal with as they have made the process of sorting out and managing our PMI straightforward and simple. The Claims and Admin staff are very knowledgeable and will always go the extra mile.

Hodgsons Chartered Accountants

Both Michelle and Rachael have been fantastic. Thank you from the bottom of my heart. I will always recommend you and your company, you have been nothing but supportive, professional, diligent and great fun.

David Smith, Smith and Jones Management

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