Posts by Petaurum Solutions

Pensions Auto Enrolment – Compliance Update

Increases in Minimum Contributions The minimum contributions that have to be paid into your Automatic Enrolment pension scheme are increasing again from 6th April 2019. The amount that you and your staff pay into your pension scheme will vary depending on the type of scheme you have chosen and the rules of that scheme. Most employers use pension schemes that currently require a total minimum contribution of 5% to be paid. By law a total minimum amount of contributions must be paid into the scheme. The employer must make a minimum contribution towards this amount and the employee (or worker)
Read More

Categories: News.

Top Tips – Managing Change

Change…….to make or become different, to take or use another instead of, to give up or get rid of (something) in exchange for something else; an act or process through which something becomes different. Change means many different things in different situations. In practical terms, in the context of running a business, it could mean something as simple as changing the supplier you buy your stationery from or it could be something altogether more complex such as changing your opening hours, launching a new brand, implementing a new organisational structure, making redundancies or even opening a new branch. The simplest
Read More

Categories: Top Tips.

Great North Run 2018

Director running in aid of St Barnabas Hospice Trust (Lincolnshire) It’s that time of year again when Adam Davey is donning his trainers on 9th September to run in the world’s largest half marathon, the Great North Run, for the 14th time. Having raised over £10,000 over the past years, he is once again raising vital funds for St Barnabas Hospice. St Barnabas Hospice delivers free, high-quality, compassionate end-of-life care and support to more than 9,000 adults with a life-limiting or terminal illness, and their family and carers. They aim to enable them to live as fully as they are
Read More

Categories: News.

Pensions Regulator receives 114 Whistleblowing Reports about Auto Enrolment

The Pensions Regulator (TPR) has received 114 whistleblowing reports about employers allegedly inducing employees to opt out of auto-enrolment pension schemes in the past three years. According to a Freedom of Information request published on the watchdog’s website, the majority (99) concerned allegations of inducement while the remaining 15 were about allegations of inducement along with other breaches. The number of reports received have increased over the years – between April 2015 and March 2016 the regulator received 12 complaints, which rose to 38 in 2016/17, and 64 in 2017/18. These numbers could increase even further, as Darren Ryder, TPR’s director of
Read More

Categories: News.

Regulators Turn the Focus on Employers Looking To Circumvent Auto-Enrolment and Lock Employees out of Pensions

Small businesses take note: pension watchdogs have vowed to crack down on employers discovered to be encouraging their staff to opt out of the auto-enrolment occupational pensions system in order to cut costs. In the first three months of this year alone, the Pensions Regulator issued 35,862 enforcement notices against employers in breach of the auto-enrolment rules, relative to 28,446 last quarter.   Auto-enrolment obliges employers to enrol almost all their staff into the workplace pension scheme and to make at least a minimum contribution on their behalf, unless workers have specifically opted out. And so far, this application of
Read More

Categories: News.

Get Ready for the World Cup

The World Cup kicks off in just a few days and as always, excitement is mounting around the trying to predict the likely winner, who’ll get the golden boot, what will be the outcome of the inevitable penalty shoot-out, etc.   At work it can be great fun and create good talking points.  But wait… Not everyone likes football (do they?).  And the talking points from last night’s game can take over the morning after.   Sporting events can harness energy, enjoyment and plenty of banter.  That’s the up side.  But inevitably there’s a down side.  And that’s where it’s
Read More

Categories: News.