Wessex Pensions launches in July with the aim of helping individuals and companies understand and benefit from Auto Enrolment and other changes to the pension system.
The good news is that people are living longer. The bad news is that millions of people are not saving enough for their retirement. The Government has introduced Auto Enrolment as a way of reducing people’s dependency on the state pension. The really good news is that Wessex Pensions is an innovative new company that aims to help individuals and small businesses make sense of it and implement it in their workplace. To help in the process, Wessex Pensions has produced a free booklet explaining exactly what Auto Enrolment is and the benefits and potential pitfalls associated with it. Auto Enrolment is only one of many changes in the pensions world. Many people are finding it difficult to understand what their options are and how they can prepare for their later years.
Keith Meredith, Co-Director of Wessex Pensions, said:
“Auto Enrolment represents a radical shake up to the pensions system and will encompass all employers by the middle of 2018. This is an exciting development but it can be confusing too.”
Daniel Parkin, Co-Director at Wessex Pensions says:
“We aim to enable everyone – employers and employees alike – to take control over their finances and make informed choices. We are all living longer. We want those extra years to be happy and secure years.”
Michelle Meredith, Co-Director, added:
“We set up Wessex Pensions as a direct result of helping people with their personal finance, over many years, with our sister company, Archway Financial Solutions. At Wessex Pensions, we aim to provide workplace solutions to small businesses in the region. As a small family business ourselves, we are ideally placed to understand their needs. Many people are happy and confident doing everything on-line but there are many others who prefer a more personal face-to-face service and someone local they can speak to. We are a locally-based small business set up to help and work with other locally-based small businesses.”
Wessex Pensions operates within the rules of a Master Trust that is registered with HMRC and overseen by an independent Trustee Company. For more information on Wessex Pensions and their services, visit: www.wessexpensions.co.uk or call 0333 449 660.
Matt Jenkins
