Monthly Archives July 2015

Fines for auto-enrolment non-compliance set to surge

Fines for auto-enrolment non-compliance set to surge Aon Employee Benefits has predicted a surge in escalating penalty notices from The Pensions Regulator to tackle auto-enrolment non-compliance. Head of auto-enrolment at Aon, Clare Abrahams, said that non-compliance comes with consequences and only now that is becoming clear to many employers. There weren’t as many fines historically, but we are starting to see them come through in increasing numbers. In terms of these fines, which apply daily at a significant amount and are a result of persistent non-compliance, I definitely predict that there will be more coming through, especially if you think
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Categories: News.

Eight pensions basics for those who “need to know”

Eight pensions basics for those who “need to know” The pensions auto-enrolment process may be well under way, but there are still a number of reforms due to take place in the near future. How well do you know your obligations as an employer? Take a look at this eight-point checklist. 1. There are different types of workplace pension There are two types of workplace pension: occupational pensions and contract-based pensions. Occupational pension schemes are normally set up by employers as trusts, with trustees appointed to oversee them in the interests of the workforce. Occupational pensions can be defined benefit
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Categories: News.

How to get buy-in from the Finance Director for flexible benefits

How to get buy-in from the finance director for flexible benefits Flexible benefits can be perceived as costly schemes to implement, which is why creating a compelling case to convince finance directors of the merits of such a strategy such as return on investment (ROI) that can be gained from implementing a scheme will be key in securing funding for you scheme. When constructing your business case consider using both soft and hard messages on the subject to make an impact around the boardroom table. Soft measures can include measuring the scheme’s impact on areas such as engagement, recruitment and
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Categories: News.

Civil servants are going to get new keep fit plans at work

Civil servants are going to get new keep fit plans at work A new workplace initiative is being launched to get civil servants more active. Irish Health Minister Leo Varadkar has announced a new initiative to get public sector workers healthier. The public sector employs hundreds of thousands of people, so Varadkar says that tackling sickness and absenteeism is common sense. It’s well established that a healthy workforce is a happier one with low levels of sick leave and greater productivity. So this approach makes pure business sense too for the public and private sectors. We are putting this on
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Categories: News.

More time to save on your National Insurance contributions when opting to use Childcare Vouchers

More time to save on your National Insurance contributions when opting to use Childcare Vouchers As you may be aware, there are changes happening in childcare funding as the Government is set to launch their Tax-free Childcare scheme. The Government were originally planning to launch their new Tax-free Childcare scheme in the autumn; however, the scheme will now be launched in 2017. Therefore, you now have more time to make savings on your National Insurance contributions. Parents who use your Childcare Voucher scheme now have more time to save on their childcare costs. In addition, any of your employees who
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Categories: News.