The online auto enrolment option is aimed at employers looking for a low cost pension solution, using the online tools provided by the scheme.
Using these tools, employers and third-party agents such as payroll providers can set up an auto-enrolment compliant pension scheme in minutes.
This service is available to employers of any size or industry demographic. Support is available as required.
The BBS MasterPlan section is for employers who would like real-person advice and assistance to set up and run their pension scheme on an ongoing basis.
The administration of this section and advice to employers is provided by BBS Consultants and Actuaries Ltd, a leading provider of workplace pensions consultancy, administration and actuarial services.
Members of the MasterPlan benefit from low charges, easy access to flexible retirement options such as income drawdown, and secure access to manage their pension savings online through www.4myplan.co.uk
BBS charges the employer for the support required to set up their scheme.