The picture has become more complex with the arrival of auto-enrolment legislation and employers have no choice but to comply with these new rules.

We've invested the time needed to understand the complexities of the new world of workplace pensions and we have identified a range of potential solutions, both for those employers with existing pensions in place and for companies who are completely new to pensions. 

We have also seen the potential pitfalls that can catch out the unwary employers, particularly those who leave planning for the pension until the last minute. Complying with the new rules may mean employers need to rethink payroll providers, probationary periods or employment contracts too.

It is vitally important, as an employer, that you are aware of your duties under auto-enrolment, not only because you may be hit by a penalty, but also The Pensions Regulator has been carrying out unannounced spot checks on employers to ensure they are complying with the rules. 

The value of pensions can fall as well as rise, you may get back less than you invested.

The Financial Conduct Authority does not regulate Auto-enrolment.