Introduction

The aim of this policy is to comply with any relevant legislation and set out the Pension arrangements to which all employees are entitled. Membership of MAK Integrated Services Limited scheme is autoenrollment and any staff members who do not wish to be part of the pension scheme must opt out.

MAK Integrated Services Limited wishes to encourage and help all its employees have an independent and protected retirement and to promote the benefits of having a secure income in retirement.

Both employers and Government are working together with the financial services industry, to help people plan for their retirement and make informed choices about how and when to save and how long to work. It is with this in mind that MAK Integrated Services Limited advises that every employee should consider their long-term plans for retirement.

Policy

  • MAK Integrated Services Limited will encourage every employee to consider their retirement.

  • MAK Integrated Services Limited is fully aware it does not have the resources and/or the skills to provide every employee proper independent financial advice therefore MAK Integrated Services Limited will recommend employees seek independent financial advice.

  • MAK Integrated Services Limited will not force any employee to join the scheme. Any employee not wishing to take up the scheme will be required to opt out via email or pension opt out form provided by the pension supplier

  • MAK Integrated Services Limited may exclude from the scheme employees who earn below the required threshold.

Monitoring Policy

The policy will be monitored on an on-going basis to ensure that it addresses issues effectively.

The following will be monitored:

  • That all prospective employees are advised of the policy.

  • That the policy forms part of the induction programme.

  • Assessment of any reported incident or related occurrence.

Monitoring of the policy is essential to assess how effective MAK Integrated Services Limited has been to establish control of its obligations.

Reviewing Policy

This policy will be reviewed and, if necessary, revised in the light of legislative or organisational changes. Improvements will be made by learning from experience and the use of an established annual review.

Policy Amendments

Should any amendments, revisions, or updates be made to this policy it is the responsibility of MAK Integrated Services Limited senior management to see that all relevant employees receive notice. Written notice and/or training should be considered.

Additional Information

If you require any additional information or clarification regarding this policy, please contact your manager. In the unlikely event where you are unhappy with any decision made you should use MAK Integrated Services Limited ‘s formal Grievance Procedure.