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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%)
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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
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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
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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
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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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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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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 570,000 smaller businesses will stage for auto enrolment
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