Monthly Archives January 2017

Accountants letting SMEs down on auto-enrolment advice

Almost half of accountants admit to not knowing enough about auto-enrolment despite nearly two-thirds of SMEs turning to their accountants for advice about the pension legislation. A report by employee benefits adviser Helm Godfrey has raised concerns over the lack of auto-enrolment knowledge among accountants, warning that the knowledge gap puts SMEs at risk of ending up with unsuitable pension schemes. The report, which aims to provide guidance to accountants and SMEs on navigating the auto-enrolment process, found that 43% of accountants surveyed admitted to an auto-enrolment knowledge gap being their own biggest challenge when it came to advising businesses.
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Categories: News.

TPR Re-enrolment guidance for employers

TPR Re-enrolment guidance for employers TPR have just launched their new online content giving guidance to larger employers on their re-enrolment duties. An introductory page provides an initial overview of the steps, along with timings of when employers should aim to complete these steps. The overview page also includes ‘The essential guide to re-enrolment and re-declaration’, which is available to download and provides employers with a cut down version of the online content if they require a quick reference guide. The content is composed of 4 main steps: Choose your re-enrolment date Assess your staff Write to staff that you
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Categories: News.

To comply, or not to comply…it’s not even a pensions’ question!

To comply, or not to comply…it’s not even a pensions’ question!  Compliance is certainly a warm and cuddly word that contains a wealth of potentially terrifying consequences, while highlighting that employers will face enforcement issues on the Pensions Auto Enrolment front.  There was a time, when qualifying for a company pension scheme was one of working life’s little package benefits. However, as a number of people reaching pensionable age in recent times have discovered, what might have been promised could be somewhat impossible to quantify and even more unfeasible to touch. Something had to change and it did, in the
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Categories: Uncategorized.

Future-proofing by judicious pension planning

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 employees are unhappy with their little lots and would change jobs to obtain better benefits, a factor that includes pensions. While both contributory and non-contributory pension plans used to offer some form of protection for the future, a succession of unfortunate, although also understandable, pension ‘raids’ led to government intervention and a new legal framework for
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Categories: Uncategorized.