For Small Business Employers

Switching workplace pension provider — the plain-English guide

You're not locked into your pension provider. Switching is simpler than most employers realise — and the right new provider makes the process straightforward.

The basics

Can you switch workplace pension provider?

Yes. There is no lock-in with any UK workplace pension mastertrust. You can switch at any time — whether you've been with your current provider for six months or six years.

Switching does not affect your auto-enrolment compliance record. Your legal duty is simply to have a qualifying scheme in place and make the required contributions — it doesn't specify which provider.

Existing employee pension pots stay where they are. Members can transfer individually if they wish, but your new scheme simply becomes the one into which future contributions are paid.

Talk to us about switching
Is it the right time?

Common reasons employers switch

These are the situations we most often see when a small employer decides it's time to move.

Step by step

How switching pension provider actually works

The process is more straightforward than most employers expect. Here's what happens.

1

Contact us

A short conversation — by phone or email — is all we need to understand your current setup. We'll ask about your payroll provider, how many employees you have, and what's prompting the switch.

2

We get you set up

We handle the setup end-to-end — getting your new employer scheme established, confirming the payroll integration is working correctly, and walking through the process with you.

3

You notify your current provider

You let your existing provider know you're closing the scheme. We'll advise on timing to avoid any gaps in contribution obligations. For most providers, you give notice and set a closing date aligned with a payroll cut-off.

4

Employees are notified

You must inform your employees of the provider change — your new provider supplies template communications to make this easy. Employees keep their existing pension pots with the old provider; only future contributions move.

5

Your first contributions run on your new scheme

With the payroll integration in place, your first contribution run goes through smoothly. We stay available through this first cycle to deal with any questions. After that, your new provider's support team takes over.

Questions

Switching: the questions we hear most

How long does switching take?

Allow four to eight weeks from the initial conversation to your first contribution running on the new provider. The timeline depends on your payroll cycle and how quickly your current provider processes the closure.

Will my employees lose their pension pots?

No. Existing pension pots stay with the old provider. Members can choose to consolidate their pot into the new scheme at any point, but they're not required to — and you as employer have no obligation to manage that process.

Do I need to re-enrol employees?

Yes — employees need to be enrolled into the new scheme. For employees who were already enrolled with your previous provider, this is typically a straightforward process and your new provider handles the mechanics. We walk you through it.

Is there any risk to compliance when switching?

The main risk is a gap in contributions — a pay period where contributions weren't made to either provider. We specifically manage the timing of the switch to avoid this. Provided contributions are made continuously, your TPR compliance record is unaffected.

What does it cost to work with Signature?

We charge a small per-employee fee for our service. The initial consultation is free with no obligation. We'll be transparent about our fee before you commit to anything.

Thinking about switching? Start with a conversation.

No forms, no commitment. Tell us your situation and we'll tell you honestly whether switching makes sense — and what it would look like.

Get in touch