“The NEST scheme integrates fully with our payroll software. It’s just a question of us downloading a file from the payroll system each week and uploading it into the NEST website. It’s as simple as that.”
Status Heating Limited installs, repairs and maintains central heating products throughout the Midlands. They’ve been in business for around 40 years and employ 75 permanent workers, mostly service engineers.
Leigh Skillett is director at the company. He knew that auto enrolment was coming and that it was going to affect them. They already had two pension schemes in place but neither met the requirements for auto enrolment.
Leigh heard about NEST in the letter they received from The Pensions Regulator about their staging date. The first thing he did was contact his payroll provider and research which schemes would work easily with their payroll software. He decided on NEST because he could run it with his existing payroll package and it looked very straightforward to manage. The extra reassurance of being linked to the government was another factor in choosing NEST.
As a relatively small organisation with a weekly payroll, Leigh was worried that auto enrolment would be costly and create a lot more work. He was pleasantly surprised to find that it only takes a few extra minutes to run NEST every week and he can easily manage it himself online. He particularly likes the ability to make payments by Direct Debit and submit contributions online. By making it easy to meet payment deadlines and manage auto enrolment tasks, NEST helps them comply with their duties as an employer.
“Managing NEST is so easy, it is so straightforward. It’s literally just a matter of logging in, uploading information and pressing a button. It’s very easy, it’s very simple.”
HR4UK is an employment and personnel specialist providing human resources and employment services to organisations throughout the UK. It employs 14 workers and had no workplace pension scheme in place before auto enrolment.
Angela Clay is HR4UK’s operations director. She started planning about six months before the company’s staging date. She looked at what pension schemes were available and which would best suit HR4UK. She was concerned about making sure they did everything correctly to comply with the regulations and that they got an easy and simple solution. She was also concerned about the cost implications.
The fact that NEST is free for employers to use and has low charges for members was a big factor in making the decision to use NEST. Angela was also impressed by NEST’s simplicity and online functionality. Being able to manage NEST in or outside the office is a particularly attractive feature.
Thanks to the comprehensive guidance on NEST’s website, it didn’t take much time for Angela to set up NEST and enrol her 13 workers. Now she’s set up it takes very little effort to manage. NEST is compatible with her payroll software and NEST’s streamlined systems make it easy for her to take care of it on her own.
Bernard advises on complex financial planning, specialising in retirement and after-retirement planning. He takes time to analyse the goals and needs of individuals and business owners alike and prepares advice relating to retirement, protection, investments, pension transfers and drawdown.
Bernard has been eagerly awaiting the auto enrolment rush. He spotted the opportunities that it would present in 2008. He’s proud to know as much about auto enrolment as anyone in the industry.
“My job is to make auto enrolment as easy as possible for my clients. With NEST Connect they can offload the whole process to us and get on with running their business. The best feedback I receive when providing this service is ‘thank you – we didn’t feel a thing’.
The beauty of NEST Connect lies in its simplicity. The online process is slick - it’s much less work than I expected. This adds up to a more streamlined, efficient, cost effective package, which suits both my firm and my clients. It’s perfect for offering a workable solution for auto enrolment.
NEST’s wide range of investment plans also provides my clients with diversity that you would expect from a serious pension fund, including low and high risk, ethical and Sharia options.
Auto enrolment is an exciting business opportunity for our company. Although they face additional costs from contributions, many employers still want to delegate authority for auto enrolment to professionals. The efficiency of NEST Connect means we can find a palatable solution.”
RCL Consultancy is an independent financial advisory company with national coverage and Chartered Financial Planners status. Our advisers are highly qualified with many years of experience in retirement and financial planning.
It offers auto enrolment administration services to help employers meet their new pension duties. It guides employers through the set-up stages and offers practical support to establish and run employer accounts with NEST Connect.
“NEST Connect gives us the control we need to run our clients’ accounts. Employers have to accept NEST’s terms and conditions online to grant delegated access. But that’s it. We do the rest. It couldn’t be simpler.
The single log-in functionality allows us to run a ‘buddy system’ at work. If somebody is sick, their colleague can step in and still access all of the relevant information. This makes a huge practical difference.
Auto enrolment is not going away. In fact, it’s coming to a town near you very soon. If you haven’t got your head ‘round it, you’re in for a nasty shock.
When it comes to group pensions, many people look for simplicity. NEST is clean, easy to use, friendly and concise with no off-putting jargon."
© NEST Corporation 2017. All rights reserved. These case studies are examples of employers, and professionals helping employers, who have been using NEST. This information doesn’t constitute financial, investment or professional advice. NEST doesn’t make any personal recommendation or give advice to employers and their workers. If you’re considering using NEST you might want to consider seeking advice from a qualified professional. The NEST trademarks and trade names used above are owned by NEST Corporation and should not be used in any way without our permission.