A key link in the chain

For small business clients

February 2017

Workplace Pension Auto Enrolment for Accountants

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Clients need your help with Auto Enrolment

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1.8 million small and micro businesses in the UK will have to put in place an Auto Enrolment Workplace Pension for their employees by 2018, according to The Pension Regulator estimates.

46% of firms with 5 or fewer employees will turn to their accountant for help with Auto Enrolment according to statistics from TPR.

The majority of micro employers will seek your assistance to meet their obligations.

How are you helping them?

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Business owners trust their accountants

Clients will turn to their accountants for advice. They’ll expect you to explain the changes and help them comply with the legislation

Workplace Pension Auto Enrolment is complex and time consuming. Businesses need your help

Clients want to understand the cost implications, as well as the impacton their business’s profitability and likely tax implications

45% of small businesses are in the dark about how to approach auto enrolment and unclear about their responsibilities, according to the FSB

Your Auto Enrolment dilemma: how involved should you be?

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• Automatic enrolment is not just an issue for pensions experts. It affects many aspects of business such as payroll, human resources, legal and finance

• All employers will need to comply no matter what their size by 2018• The Pensions Regulator is ensuring compliance, by imposing penalties on those who do

not comply

Your dilemmaAccountants need to decide how involved to be when it comes to Auto Enrolment – its your choice…

Little or no involvement• Taking a reactive approach, offering limited

support when clients ask for help• No involvement as the practice is not well

equipped to manage Auto Enrolment• Using a partner to manage compliance and other

steps in the complex process

Full or partial involvement• Taking the lead with a proactive approach

that clients really appreciate • A great business opportunity• Already supporting clients with payroll

services, so this is a natural add-on service

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Do you have the right Auto Enrolment solution for your clients?

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Automatic enrolment is presenting accountants with a new opportunity, don’t miss out• Additional services to existing clients• Bringing in new business• Reinforce clients’ trust in their accountant by delivering excellent service and options

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Are you prepared for the 2017 rush?Over 800,000 estimated businesses need to get Workplace Pension compliant next year. As time runs out, you’ll see more and more businesses turn to their trusted accountants to help them handle their responsibilities. Are you ready to help them get it right?

Your options 1. Provide your own fully serviced in house solution handling all aspects2. Utilize existing payroll services, which only handles part of the solution3. Choose Husky as your cost effective partner to complement your own services4. A combination of the above

Working with Husky to deliver excellent Auto Enrolment solutions

• Husky supports your practice by delivering a complementary, high-quality service to your own• A low cost solution that doesn’t compromise quality• By offering a high-value AE service your clients spend less time looking at alternative options,

which may include alternative accountancy services• Husky can work with any payroll provider, including your in-house payroll services• A complete end-to-end workplace pension service, supported by excellent technology which

removes the pain of pension setup and ongoing management for business owners• 100% price transparently: we receive no fees from the providers or anyone else, and never will• Husky gets your clients Auto Enrolment compliant, with choice with better outcomes for your

clients' staff

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Non-compliance is an increasing problem, which reflects badly on the reputations of Advisers and Accountants.Engaging with Husky in partnership eliminates these risks for both you and your client

Reasons why Accountants’ chose to work with Husky

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“I want to combine my payroll services

with auto-enrolment. I would like a

responsible partner to do this with, whose

service will fit with my payroll schedule and

process.”

“My small business clients are all different

but they share the desire to make the

right workplace pension decisions for

their business and their workers. I want to help each of them find the best scheme

for them.”

“My small business clients need sound guidance and some

hand holding when it comes to auto-

enrolment.”

“I cannot provide Regulated Advice. I

need to give my clients choice and not channel them towards

a specific workplace pension scheme.”

“I have a mixture of payroll clients and

non-payroll. I want to help them all.”

“I need a reliable partner that will make

auto-enrolment easier for me – not

more complicated.”

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The key issues for small and micro businesses

TIME - business owners continually ignore the value of their own time

BURDEN – underestimation of what’s needed to set up and implement auto enrolment

COST is a major consideration for a high % of small businesses, with many not knowing how they’ll manage the financial committment

RESOURCES – businesses don’t want to take on more staff, implement new systems and processes

BENEFITS – communicating the concept and benefits to staff. Improved staff package and improve staff retention

MANAGEMENT – ignoring what’s needed every month to stay compliant

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“I want a more affordable optionto help choose a

workplace pension for my business rather

than paying the high fees for an IFA.”

“With more than 70 workplace

pension schemes available, I need to

understand that what I’m choosing

makes sense for my business and my workers.”

“I want help in understanding

how my scheme contribution levelswill impact the cost

to the businessand the outcome to

my workers.”

“I have a real mix of workers at different

pay-levels/seasonal/etc. They may benefit

more from different workplace pension schemes. I need an affordable service that will help me choose the right

scheme – or schemes for the business. ”

“I want an affordable, complete workplace pension service from

a reliable partner that will smooth the auto-enrolment process for me – so I can focus on

my business.”

“Once my workplace pension scheme is set up I need an ongoing

service to ensure everything is taken care of and I remain

compliant.

“My payroll system/service/processworks. I don’t want to change it for

auto-enrolment. I need a service that workswith my existing set-up.”

Small Employers’ challenges in auto-enrolment

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Navigating the maze: Husky makes the complex simple

Step 1 – Choose • Profile the business to match

the best choice of providers• Identify robust providers that

best meets preferences• Assess and work out the levels

of staff contributions• Confirm contribution costs• Late stagers can be fast

tracked and taken care of • Low cost – affordable and

Husky takes care of everything

Step 2 – Set up • Save time – Husky sets up the

chosen pension scheme(s)• Payroll – we streamline the

contribution process (working with any payroll system)

• Assess and enrols each worker• Communications – Handling all

necessary communications• Compliant – confirm the

company’s compliance with The Pensions Regulator

Step 3 – Manage• Monitor - continue to monitor

the business’s workforce • Manage all changes; joiners,

leavers, pay changes, birthdays, retirement

• Maintain business compliance• Flexible – adjust as the

business changes• Hassle free – we take care of

everything, saving the monthly time commitment

Husky’s philosophy is to take the complexity out of the process of Auto Enrolment. We deliver an end to end approach which handles informative choice, set-up and ongoing maintenance and administration of the chosen scheme to keep your clients compliant

Feel safe with our approach – how we work with you

Most importantly - you own the relationship with your clientsThe Husky service complements your own, regardless of your preferred level of involvementWe’ve done the due diligence of providers in the market place, to give your clients robust choiceHusky’s due diligence is approved by the Pensions Regulator. This is your client’s audit trail that market assessment has been done in a compliant manorWe proactively meet with The Pensions Regulator on a regular basis, so we have our finger on the pulse when it comes to Auto EnrolmentOur primary goal is to help you get your clients compliant, whichever route they choose No heavy sales – just good serviceA jargon free approachWe work and integrate with any payroll systemHusky enables you to look after your clients, both payroll and non-payroll, in a streamlined, professional mannerA team of talented, qualified and knowledgeable industry experts, with a great customer service team on hand to deal with any queries and exceptions

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You’re in good company - some of our accountant partnerships

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“Husky puts the onus in the right place - finding

the right investment vehicle for the future

security of the individual employee.”

White Hart Associates

“The Husky service is a perfect fit for us, enabling us to offer all of our clients the level of support and assistance they require to take care of their workplace pension obligations. Husky’s uniquely comprehensive service and competitive rate, made it an easy choice and we are confident it will offer our clients a good quality pension scheme.”Mazars

“Our clients trust our advice. We wanted to find a partner who was flexible enough to help all our clients – payroll and non-payroll. “Morgan Cameron

The Husky Story

• Our philosophy is to simplify financial complexity for the non-expert, making Auto Enrolment simple, accessible and affordable

– that’s our origins and strength• We’re 3 years young. If you haven’t heard of us, its because we’ve been

focused on delivering efficient technology, which is how we can remove cost from the process– we’ve been featured by Channel 4, BBC, Mail on Sunday, The Times

• We’ve invested heavily and taken our time to get it right by developing integrated technology that acts as a one stop shop designed for small businesses

• Our technology drives out unnecessary cost, which is why we’re low cost, but we don’t compromise on service

• We don’t take fees, commissions or handouts from providers. We make our money from the small set-up fee and a fixed monthly service charge

• We’re here to stay and to make a difference

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Simple pricing, no hidden fees or costs

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We charge the employer a single, low-cost set-up fee. This gives them peace of mind that we have their back.

In line with the 36-month auto-enrolment cycle, employers then pay a monthly fee for 36 months, starting from either their Staging Date or when pension contributions begin.

Company Size Set-up fee Monthly charge

1-2 employees £50 £9

3-9 employees £50 £25

10-19 employees £100 £40

20-49 employees £200 £80

50-99 employees £375 £150

100-199 employees £750 £275

200-299 employees £1,000 £375

300-399 employees £1,000 £525

400-499 employees £1,000 £675

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Husky tools and gismo’s - Pension Short-List Tool

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1. Husky profiles the business and helps your small business client to assess their contributions preferences. Try for yourself getstarted.huskyfinance.com

2. Husky matches your small business client’s profile to the most suitable pension schemes.

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Husky tools and gismo’s – Employer eligibility

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Helps the employer work out who they need to put into the scheme. Try it Workforce Assessment

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Husky tools and gismo’s - Pension Choice

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Drill into detail before choosing

Husky drills deep.

It profiles the employer to provide them with the best possible choice of providers that match their specific profile.

The employer uses Husky to choose the provider that best meets their preferences, and to assess and work out what levels of contributions to make for their staff.

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Contact

Sean Carroll on:T. +44 (0) 20 7582 7875E. sean.carroll@huskyfinance.com

www.huskyfinance.com© 2016 Husky Finance. Husky Finance is a trading name of Financial SatNav.

We’re in this together.

We’re focused on better financial

outcomes for small businesses