Auto-Enrolment and Small Businesses – BrightCube’s experiences to date

While many small businesses don’t need to formally stage for at least a year some firms are looking to put schemes in place early to help them phase in their future compulsory contributions and to give their staff a flexible opt-in period prior to the formal automatic enrolment that comes with the company’s staging date. This adjustment period allows a company to get used to their new responsibilities and for the gradual engagement of staff – smaller businesses that are staging much later in the Auto-Enrolment process compared to the Country’s larger employers have far less time from their staging date until they are expected to be making the full required contributions, i.e. companies that staged in 2012 only needed to make a matched contribution of 1% from the employer and 1% from the employee compared to the basic minimum of 3% from the employer and 5% from the employee in 2018.

BrightCube has worked with a number of businesses (including estate agencies and digital design consultancies) who were not required to formally stage until late 2016 or beyond but have put a scheme in place ahead of their formal obligation. In one instance the firm will contribute 3% into the plan regardless of whether their employees wish to contribute as well. Despite the fact that at this stage they were not required to contribute, engaging early with the staff has led to many matching the contribution with 3% of their own money and a few adopting the required contribution from them of 5% once the formal Auto-Enrolment process is completed.

“…while some small businesses are putting things off until the last minute there can be real value in being ahead of the game!”

By looking at this now, companies have a range of providers to choose from that potentially may not have offered them a scheme at their staging date due to the providers focusing on their existing business and maintaining their level of service standards. Every business in the UK will have received their staging date from the Pension Regulator and while some small businesses are putting things off until the last minute there can be real value in being ahead of the game!

Featured Posts
Posts Are Coming Soon
Stay tuned...
Recent Posts
Search By Tags
No tags yet.
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

Decisions should not be taken based solely on the content of this website and individual advice should be sought first

Regulations, levels and basis of taxation are subject to change

The firm is not responsible for the content of external links

The content is aimed at UK residents


Bright Cube Money Ltd | Company Number: 08087277 |

Registered Office: 117-119 | Houndsditch | London | EC3A 7BT | Registered in England & Wales (No: 8087277)


Bright Cube Money Ltd is authorised and regulated by the Financial Conduct Authority FCA No: 846282

Privacy Notice


This privacy notice explains how we use any personal information we collect about you.


What information do we collect about you?

We collect information about you when you engage us for financial planning and or mortgage advice and investment management services. This information will relate to your personal and financial circumstances. It may also include special categories of personal data such as data about your health, if this is necessary for the provision of our services.

We may also collect information when you voluntarily complete client surveys or provide feedback to us.

Why do we need to collect and use your personal data?


The primary legal basis that we intend to use for the processing of your data is for the performance of our agreement and the delivery of our services to you. The information that we collect about you is essential for us to be able to carry out the services that you require from us effectively. Without collecting your personal data we’d also be unable to fulfil our legal and regulatory obligations.

Where special category data is required we’ll obtain your explicit consent in order to collect and process this information.

How will we use the information about you?

We collect information about you in order to provide you with the services for which you engage us.

Who might we share your information with?

We won’t share your information for marketing purposes.

In order to deliver our services to you effectively we may send your details to third parties such as those that we engage for professional compliance, accountancy or legal services as well as product and platform providers that we use to arrange financial products for you.

Where third parties are involved in processing your data we’ll have a contract in place with them to ensure that the nature and purpose of the processing is clear, that they are subject to a duty of confidence in processing your data and that they’ll only act in accordance with our written instructions.    

Where it’s necessary for your personal data to be forwarded to a third party we’ll use appropriate security measures to protect your personal data in transit.

To fulfil our obligations in respect of prevention of money-laundering and other financial crime we may send your details to third party agencies for identity verification purposes.

How long do we keep hold of your information?

In principle, your personal data shouldn’t be held for longer than is required under the terms of our contract for services with you. However, we’re subject to regulatory requirements to retain data for specified minimum periods. Given the long-term nature of many of the financial instruments that we may recommend, we also reserve the right to retain data for longer than this in case any information is needed in the future. In any case, we’ll not retain your personal data for longer than required.

You have the right to request deletion of your personal data. We’ll comply with this request, subject to the restrictions of our regulatory obligations and legitimate interests as noted above. 

How can I access the information you hold about me?

You have the right to request a copy of the information that we hold about you. If you’d like a copy of some or all of your personal information please email or write to us using the contact details noted below.

When your personal data is processed by automated means you have the right to ask us to move your personal data to another organisation for their use.

We have an obligation to ensure that your personal information is accurate and up to date. Please ask us to correct or remove any information that you think is incorrect.


We’d like to send you information about our products and services which may be of interest to you. If you’ve agreed to receive marketing information, you may opt out at a later date.

You have a right at any time to stop us from contacting you for marketing purposes or giving your information to other members of the group. If you no longer wish to be contacted for marketing purposes, please contact us by email or post.

Other websites

Our website contains links to other websites. This privacy policy only applies to this website so when you move to other websites you should read their own privacy policies.

What can you do if you are unhappy with how your personal data is processed?

Please contact us if you have any questions about our privacy policy or information we hold about you, our contact details are on the website.


You also have a right to lodge a complaint with the supervisory authority for data protection. In the UK this is:

        Information Commissioner's Office, Wycliffe House, Water Lane, Wilmslow, Cheshire SK9 5AF

        0303 123 1113 (local rate)                                                                                                                                                                                                                                                                                                                                                                      

Changes to our privacy policy

We keep our privacy policy under regular review and we’ll place any updates on this web page to inform you of any changes when they occur.  This privacy policy was last updated on 01/04/2020