Monthly Archives April 2016

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 a £400 Fixed Penalty Notice (FPN) which the company failed to pay. An Escalating Penalty Notice (EPN) was issued on 20 January 2015 as the compliance notice still hadn’t been complied with, informing the club that, if it did not comply within a 28-day period, it would be fined at the rate of £2,500 per day (the accrual rate
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Categories: News.

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 clients. The research states that the main issue was that the accountants did not have the in-house expertise or resources needed to give clients help with the more technical aspects of auto enrolment. What’s more interesting, over 90% of those surveyed explained that they have been approached by at least one client regarding an auto enrolment query. The Pensions Regulator estimates that
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Categories: News.

More than 90% of the first small employers required to put their staff into a workplace pension have now complied with the law

More than 90% of the first small employers required to put their staff into a workplace pension have now complied with the law, showing that automatic enrolment is successful for all sizes of employer. The Pensions Regulator’s compliance and enforcement bulletin, which is published today, shows that compliance remains the norm. Around 12,000 small and micro employers became subject to the new legal duties last summer. The majority have put eligible staff into a pension without the regulator having to use its powers although, as expected, a number needed the additional nudge of enforcement action. Minister for Pensions, Ros Altmann
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Categories: News.

Some Misconceptions about Pensions Auto Enrolment

Some Misconceptions about Pensions Auto Enrolment With Pensions Auto Enrolment becoming a reality for small businesses over the coming months we thought it would be useful to respond to some of the misconceptions we have heard since we started helping business making a success of their Auto Enrolment obligations. It’s an option whether I choose to do this or not Sadly not! If you have workers, or in some cases contract people on a consultancy basis (see worker definitions below), then you will be required to comply with the Auto Enrolment Legislation. A worker is defined by The Pensions Regulator
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Categories: News.

The Pensions Regulator (TPR) recently provided their four top tips for businesses yet to stage for auto enrolment.

The Pensions Regulator (TPR) recently provided their four top tips for businesses yet to stage for auto enrolment. The Pensions Regulator’s top four-auto enrolment tips are: 1. Don’t leave preparations until the last moment From the April 1st 2016, there are an estimated 570,000 small and medium-sized businesses due to stage for auto enrolment over the next twelve months. TPR recommend that businesses of any size begin preparations at least 12 months prior to staging, to help ensure that everything goes smoothly the closer the business gets to their staging date. 2. Have a solution in place at least 6 months before your business’s staging date
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Categories: News.

Workplace stress still a real issue for UK business

Workplace stress still a real issue for UK business One in four employees experiencing Workplace Stress issues, say leading Wellness Experts As many as one in four people calling a national employee assistance helpline say that workplace stress lies at the root of their problem. That’s the worrying statistic revealed by corporate wellbeing specialist Workplace Wellness today The employee health and wellbeing company, which was recently acquired by RehabWorks, has seen first-hand through their Employee Assistance Programme how stress levels have risen alongside greater day-to-day demands in and out of the workplace. Jayne Carrington, Customer and Propositions Director, believes the
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Categories: News.