700,000 small employers will be reaching their Staging Date for pension auto enrolment in 2017. That is 200,000 more than the number who had to set up their pension scheme in 2016. Setting up an auto enrolment pension scheme is proving challenging for businesses. There are so many options to consider and if you are doing it for the first,and probably only, time it is more than a little daunting. …
The Pensions Regulator has released the latest quarterly bulletin covering compliance and non-compliance with auto enrolment. An increasing number of small and micro employers are reaching their Staging Date and many are leaving it very late to set up a workplace pension. During the period July to September 2016 The Pensions Regulator issued £3,728 Fixed Penalty Notices to employers failing to meet their automatic auto enrolment duties. A number of employers contested their fines …
There can't be many business owners who haven't heard about or seen the adverts on television about the workplace pension (Auto Enrolment) but how many think it doesn't apply to them? Auto Enrolment duties do not apply when a company or individual meet the following criteria: …
Anybody who attended the Swindon Expo at the Steam Museum in June may have come across our stand with our new banner asking "Are you burying your head in the sand about Auto Enrolment?". Visitors were keen to play our "bury your head in the sand" game with the winner being offered a choice of prizes which included having their auto enrollment scheme set up for them. Most employers will know by now that setting up a pension scheme for your employees is a necessity. …
Pension auto enrolment remains a hot topic with more than one million businesses still to reach their staging date by the end of March 2018. A large proportion of these businesses will reach their Staging Date in the first quarter of 2017 which could prove to be a bottleneck with the pension providers if you leave it until the last minute. …
