Workplace pensions ‘the safest way to save’ for retirement Paying into an employer pension scheme is considered the safest way to invest for retirement, according to preliminary results of a survey published in November. The Office for National...
Mark
Fears for small employers as pension auto-enrolment comes into force
Fears for small employers as pension auto-enrolment comes into force A landmark drive to place people into workplace pensions faces "significant risks" as smaller employers are brought on board the scheme, according to a report from the National...
Auto-enrolment compliance notices quadruple
Figures from The Pensions Regulator (TPR) show 469 auto-enrolment compliance notices were issued to employers between July and September 2015. A compliance notice is issued under section 35 of the Pensions Act 2008 to remedy a contravention of one...
One in five employers will not seek Auto Enrolment advice
One in five employers will not seek Auto Enrolment advice The Pensions Regulator (TPR) has published guidance to help the 1.3m small and micro businesses preparing for auto-enrolment find a good quality scheme, after 20% said they will not seek...
Warning of Auto Enrolment ‘train wreck’ in January
Warning of Auto Enrolment ‘train wreck’ in January The Chartered Institute of Payroll Professionals has warned of widespread non-compliance in auto-enrolment from January, as thousands of small businesses prepare to hit their deadlines. During the...
More than one in ten employers miss deadline for Auto Enrolment
More than one in ten employers miss deadline for Auto Enrolment Some 13% of employers start preparing for auto-enrolment after their staging date has passed, according to research Analysis of NOW: Pensions’ client base found 19% completed their...
Providers not open for SME auto-enrolment business
Providers not open for SME auto-enrolment business Most advisers – 77% - predict that growing numbers of pension providers will not offer auto-enrolment schemes to businesses with fewer than 30 employees, according to research conducted by Defaqto...
Micro-businesses struggle to prepare for auto-enrolment
The UK’s micro-businesses are struggling to prepare for the implementation of auto-enrolment as staging dates loom over the coming year, research from Intuit Quickbooks has found. Auto-enrolment costs are estimated to be £8,900 per small business,...