Posts by Mark Dyer

More than a fifth of small business owners offer no employees benefits

Small businesses are suffering a staff brain drain with nearly one in five workers quitting each year for new jobs blaming poor employee benefits, according to research from Pure Benefits. The study by the company found 18% of staff – around 450,000 a year – have switched in the past five years saying a lack of benefits was a major reason. Small businesses with fewer than 50 staff employ more than 12.4m across the UK and have total annual turnover of more than £1.2 trillion but struggle to source employee benefits such as life insurance, income protection and private medical
Read More

Categories: News.

Half a million employers meet workplace pension duties

More than half a million employers have now completed their duties under the Government’s landmark workplace pension savings drive. The Pensions Regulator said by 31st March 2017, 503,178 employers had completed their duties under automatic enrolment, with more than 7.6 million workers now saving for their retirement after being put into a workplace pension. Automatic enrolment started in 2012 with the biggest employers that tend to have the most experience of pensions. It is now being rolled out to smaller employers, some employing just one or two people. The Pensions Regulator said in the first three months of this year
Read More

Categories: News.

Pension Fear for SMEs

As reported on this news page in December last year (http://petaurumsolutions.co.uk/2016/12/14/50-accountants-unable-answer-auto-enrolment-queries/) according to a report by employee benefits adviser Helm Godfrey, things haven’t got much better, with small and medium-sized businesses continuing to be at risk of choosing unsuitable pension schemes because of a lack of auto enrolment knowledge among accountants. The report has revealed that while 70% of small firms with 4 or fewer employees would turn to their accountant for auto enrolment advice, 43% of accountants believe they do not know enough about auto enrolment to give accurate and up-to-date advice. More than half (56%) of accountants admitted
Read More

Categories: News.

Financial problems for over half of employees are affecting their work performance

One of the biggest concerns cited by many of those being polled on their views during the General Election campaign has been the high cost of living compared to wages. Now a new report claims that over half (55%) of employees are experiencing financial problems, which are affecting their behaviour, relationships and ability to perform at work. Although the nationwide study of the financial wellbeing of UK workers The DNA of Financial Wellbeing 2017 report, claims that nearly a third (32%) cite finance as their biggest concern; 66% of HR directors, think that financial worries are not of concern to their employees.
Read More

Categories: News.

One in four small firms miss Auto Enrolment staging date

One in four small firms miss AE staging date One in four small firms (25%) have missed their deadline or (staging date) for auto-enrolling their staff into a pension scheme. This is an increase from less than one in five (18%) in Q3 2016, according to workplace pension provider NOW: Pensions. Of the companies that signed up with the company in the first quarter of 2017, nearly half (46%) signed up either very close to or after their staging date deadline had passed – the highest number ever recorded. At the other end of the spectrum, around a third (35%)
Read More

Categories: Uncategorized.

Shoe company left footing £42,000 Automatic Enrolment non compliance bill from Regulator

High street footwear firm Johnsons Shoes Company has had to pay a £40,000 fine after failing to engage with its automatic enrolment (AE) duties. The shoe firm was initially issued with a £400 fixed penalty notice from The Pensions Regulator (TPR) after it failed to comply with the law on the automatic enrolment of its staff into a workplace pension scheme. This required checking whether its staff qualified to be put into a workplace pension scheme and confirming to TPR that it had done so. Johnsons paid the £400 fine but still did not become compliant, TPR said in statement, adding: “Despite
Read More

Categories: Uncategorized.

Petaurum Solutions wins the Business and Industry Today Magazine Employment & HR Specialist of the Year

We are pleased to announce that we have won the Business and Industry Today Magazines prestigious award as their Employment & HR Specialist of the Year. Below is the article published in this months edition. Here at Business and Industry Today we are delighted to present Petaurum Solutions as our highly regarded Employment & HR Specialist of the Year. Founders and Company Directors, Adam Davey and Mark Dyer, set up the business in 2013, after realising there was a significant shortage of consultancies available that were dedicated solely to the provision of employment-based solutions. They found that the services accessible
Read More

Categories: Uncategorized.

Pension Fear for SMEs

As reported on this news page in December last year (http://petaurumsolutions.co.uk/2016/12/14/50-accountants-unable-answer-auto-enrolment-queries/) according to a report by employee benefits adviser Helm Godfrey, things haven’t got much better, with small and medium-sized businesses continuing to be at risk of choosing unsuitable pension schemes because of a lack of auto enrolment knowledge among accountants. The report has revealed that while 70% of small firms with 4 or fewer employees would turn to their accountant for auto enrolment advice, 43% of accountants believe they do not know enough about auto enrolment to give accurate and up-to-date advice. More than half (56%) of accountants admitted
Read More

Categories: News.

Pensions auto-enrolment need not be like drawing teeth

Pensions auto-enrolment need not be like drawing teeth  The process of responsible pensions’ provision can be a ‘nightmare’ to some specialist employers, highlights Mark Dyer of Petaurum Solutions, but with the three years’ restaging cycle upon us, the doors have been reopened.  Whether, or not, your dental practice has dealt with its pensions’ issues, a fresh opportunity is arising in which to refine your forward plans. Well-publicised, auto-enrolment has provided a positive situation that is beneficial to all colleagues and demonstrates ample commitment to them that a surgical practice possesses a positive future. Naturally, having to deal with the complexities
Read More

Categories: Uncategorized.

Pensions Auto Enrolment warning as regulator ramps up action.

The Pensions Regulator has revealed it will carry out auto-enrolment compliance spot checks on employers across the UK. The inspections will “serve as a warning to employers that they cannot ignore the workplace pension and that deliberate non-compliance will not be tolerated”, officials said. Meanwhile, financial advisory firm Wealthcare warned over ill-prepared businesses. It carried out research, which found more than four out of 10 small firms, have been waiting until the last minute to sign up their employees to an auto enrolment pension scheme. Stephen Cainer, joint managing director of Wealthcare, said: “Our figures show there is still an
Read More

Categories: News.