Under new legislation all golf clubs are required by law to put a workplace pension scheme in place for all eligible employees, and failure to-do so will result in daily fines of up to £2,500 being incurred for late implementation. When questioned by financial services provider Fairstone, 98% of clubs have said “no” to this question.
Fairstone have teamed up with the GCMA to offer all golf clubs in the UK a simple, compliant and low-cost pension solution that is designed specifically to allow golf clubs to meet their obligations in the simplest, smartest and cheapest way possible.
The Fairstone Pension Trust is a low cost and high quality workplace pension scheme where the hard work is taken away from you. The implementation fee is typically less than one day’s fine that you could receive for failing to meet your target go-live date.
Would you like Fairstone to help your golf club with your workplace pension responsibilities? Please contact Verony Chalmers (07787 564743) to receive your personalised employer report showing how this affects you and your club.
For more information, download the Fairstone Pensions Trust Employer Guide.
Fairstone provide a full range of corporate financial solutions, and are a sponsor of the 2015 GCMA Golf Management Awards.
By Mike Hyde