New service launched by financial planning firm
Paradigm Norton, the award-winning Bristol financial planning firm, has launched a brand-new service aimed squarely at UK businesses.
Called Plan4, it targets those companies that want to support their staff by adopting the Government’s auto-enrolment pension scheme well before the law demands, as the UK continues to move towards automatic pensions enrolment for nearly all workers over the age of 22.
Plan4 is set up to deliver every aspect of a company’s auto-enrolment pensions requirements as a new benefit for staff.
It is launching the service in partnership with Seven Investment Management’s (7IM) investment platform and with pensions specialist Carey Pensions.
Both 7IM and Carey Pensions have auto-enrolment as a key part of their offering to businesses that would benefit from an auto-enrolment pension.
Pensions auto-enrolment is already in place for the largest businesses, but is still on the horizon as an obligation for many small and medium-sized companies over the next few years.
Early-adopter companies are being encouraged, according to Paradigm Norton’s Richard Child, because staff will instantly see and feel the benefit of an auto-enrolment pension once it’s in place.
Richard says: “Providing a pension under this new scheme is an investment in staff for the long-term.
“Excellent people are the lifeblood of every successful company, so offering an auto-enrolled pension now makes a lot of sense for good businesses – and sends out a great message.”
He added that Plan4 is targeted at companies who have identified that their priority is for staff to have the best service levels available from their auto-enrolment partners.
Tom Sheridan, chief executive of 7IM, said: “At 7IM we can see that Plan4 is a high quality auto-enrolled pension service, and we expect that it will quickly become popular.
We are delighted to be acting as partners on this important launch with Paradigm Norton.”