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Keeping staff sweet with a new workplace pension scheme

 

Having made a number of strategic acquisitions in recent years, Tangerine Confectionery is a company that doesn’t stay still for long, and it needed to find a pension provider that could accommodate its ambitious growth plans.

Combining centuries of heritage with state-of-the-art manufacturing, Blackpool-based Tangerine provides confectionery making for some of the nation’s favourite sweets, such as Sherbet Fountains, Dip Dab’s, Wham bars, Butterkist Popcorn and Princess Marshmallows.

With facilities in Blackpool, Liverpool, York, Cleckheaton, and Pontefract, Tangerine has grown to become one of Europe’s largest sugar confectionery businesses, and its focus on innovation and capitalising on market trends has meant that it always stays one step ahead of the competition.

These same principles were the motivation behind reviewing the company pension scheme provider in preparation for automatic enrolment, explains group financial controller, Clive Burnett.

He said: “As a large company, we were very much aware of the government’s auto enrolment requirements introduced last year.

“The rate at which the company was expanding and the number of potential new members under auto enrolment meant it was essential to have confidence in the pension scheme provider’s service levels and administration systems for automatic enrolment.”

Clive turned to Taylor Patterson, who invited various pension providers to tender for the scheme and facilitated the entire process from start to finish.

“The service that Taylor Patterson provided was faultless,” added Clive. “They catered to our needs in every respect and took care of all the details, from liaising with the providers on our behalf to organising the meetings at their offices.”

After choosing a suitable provider, Taylor Patterson assisted Tangerine with organising workshops to introduce the new scheme to employees, help them complete all the necessary paperwork and answer any questions.

Clive said: “Colin and Paul were great at putting our employees at ease and their knowledge and expertise of implementing workplace pension schemes made the transition a lot easier.”

“It is very important to us that our employees buy into the new scheme, as it benefits them financially and also boosts staff retention.”

Clive is now urging other businesses to plan for auto enrolment and see it as an opportunity rather than a burden.

He concluded: “Auto enrolment could become an unnecessary expense if not planned properly – by preparing now, it will make implementing the scheme a lot easier when the deadline comes around.”

If you are a business owner that doesn’t already have a qualifying workplace pension scheme, or would like to find out more about auto enrolment, please contact Paul Jackson by calling 01772 555073 or emailing paul.jackson@taypat.co.uk

 

 

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