The irony of the pension scene lies in the fact that we never know we need it, until we do, although the golden olden days of perks-packed employment packages is now past its comfort zone. According to a recent survey, around 30% of British...
Mark
What Is A Workplace Pension?
Nearly half (40%) of 18-30 year olds consider their knowledge of pensions to be poor or very poor and three in five (60%) don’t know what a workplace pension is according to research by workplace pensions provider NOW: Pensions. Two in five (42%)...
Auto enrolment penalties see sharp increase
Auto enrolment penalties see sharp increase Stark new figures from The Pensions Regulator have revealed a sharp increase in the number of fines dished out to SMEs that fail to address their auto-enrolment obligations. The number of fixed penalty...
Is Auto Enrolment Non-Compliance An Option?
In its latest quarterly update covering June to September 2016, The Pensions Regulator (TPR) has revealed they have seen a distinct rise in the number of fines for pension non-compliance with 3,728 fixed penalty notices issued, compared to 861 the...
Auto-enrolment: What Is It and What Do I Have to Do?
Auto-enrolment: What Is It and What Do I Have to Do? With UK employers now legally required to provide an employee pension scheme, here's a detailed step-by-step auto-enrolment guide. Nearly half of employers required to set up a pension scheme for...
One in five employers missing auto-enrolment staging date
One in five employers missing auto-enrolment staging date One in five employers is failing to sign its employees up to an auto-enrolment pension scheme, putting them at risk of hefty fines from The Pensions Regulator, according to figures released...
Regulator issues football club with a series of fines for Auto Enrolment non compliance
Swindon Town Football Club (STFC) was issued with a compliance notice on 18 August 2014 directing it to automatically enrol staff and pay contributions but failed to comply by the deadline of 17 October 2014. As a consequence, The Regulator issued...
Over 50% of accountants are unable to answer auto enrolment queries
Over 50% of accountants are unable to answer auto enrolment queries According to recent research by The Pensions Regulator, over half of accountants quizzed stated that they are only partially able to answer auto enrolment queries from their...