8 June 2016
The NHBF’s salon-specific pension scheme has gained “Master Trust Assurance Framework” accreditation, a sign that it has met a range of operating and governance standards set by the respected accountancy body, the Institute of Chartered Accountants in England and Wales.
It means the NHBF scheme, the Salvus Master Trust, joins a select group of master trusts providing auto-enrolment pensions, including NEST, NOW:Pensions and The People’s Pension to hold the accreditation.
NHBF chief executive Hilary Hall said:
“With the vast majority of small salons set to begin offering pensions to their employees during 2016 and 2017, it’s great to know that there is a low-cost, high-quality pension scheme available to them, one specifically designed to meet their needs and offering guaranteed access.”
The NHBF pension scheme is open to both member and non-member salons, and offers guaranteed acceptance for hair salons, barbershops and beauty salons. It includes access to a dedicated auto-enrolment helpline, step-by-step guides and a series of live and recorded webinars on how to do pension scheme administration as well as events for businesses which are new to pensions auto-enrolment.
For members, the cost is £295 plus VAT, with an annual governance fee of £65 plus VAT once the scheme has gone live.
For non-members it is £395 plus VAT, with an annual governance fee of £105 plus VAT. Once registered, no further payments are taken until salons and barbershops reach their staging date.
(NB all prices are valid to 31 August 2016).
Press enquiries: Hilary Hall, NHBF Chief Executive, 01234 834380 (direct line)