Global menu

Our global pages

Close

Eversheds launches innovative online auto-enrolment compliance tool, aeready

  • United Kingdom

    09-01-2014

    Global law firm Eversheds has today launched an online auto-enrolment compliance tool for employers that are due to reach their auto-enrolment staging date in 2014 and beyond.

    The tool, called aeready, will provide employers with online access to tailored, fixed price legal advice on their auto-enrolment obligations. It is designed to complement the auto-enrolment services that will be available through IFAs and benefit consultants.

    The tool has been launched in response to the need for employers that are yet to hit their staging date to have access to expert legal advice on their auto-enrolment obligations at a competitive price.

    To date, around 8,000 employers have had to comply with the automatic enrolment requirements. However, there are around 1.5 million employers still to go. In each of May 2014 and July 2014 over 12,000 employers will hit their staging dates and have to comply with the automatic enrolment legislation for the first time – and this is nothing compared to the 100,000 plus employers that will be staging each month in mid-2017.

    The successful roll-out of automatic enrolment to workers employed by small and medium sized organisations is crucial to the success of this once in a generation reform. Being accessible online, at www.eversheds.com/aeready, this tool will be available to all employers and will help to meet the huge demand for auto-enrolment advice that is coming.

    Drawing on the firm’s experience to date, which it has been gained from advising around 100 different organisations on auto-enrolment, aeready will help employers to:

    • understand their legal obligations,
    • develop their auto-enrolment strategy,
    • identify the key legal issues that they need to address in order to be compliant, and
    • avoid regulatory action for non-compliance.

    Commenting on the launch of the tool, Francois Barker, Head of Eversheds Pensions Practice said:

    “Employers that are yet to reach their staging date, need to prioritise the actions that they need to take in order to avoid regulatory action for non-compliance, which at worst can involve fines of £10,000 per day and up to two years in jail.

    “The Pensions Regulator has already investigated a significant number of employers for suspected non compliance. Organisations that can demonstrate that they have sought legal guidance on their auto-enrolment obligations are less likely to suffer penalties if something goes wrong.”

    For more information visit http://aeready.eversheds.com/

    Eversheds' Automatic Enrolment Compliance Tool

    Disclaimer

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

    < Go back

    Print Friendly and PDF
    Register to receive regular updates via email.