Archives for Uncategorized

Childcare Voucher Schemes due to close to new applicants from next April Many people are unaware of upcoming changes to the Childcare Voucher Scheme, despite significant reforms coming into force in just six months. From April 2018, Childcare Voucher Schemes will be closing to new applicants. Employees who have already signed up to a company’s scheme will be eligible to keep receiving vouchers, but they will not be able to rejoin the programme if they leave and will not be able to join their new employer’s scheme if they change jobs. Although the vouchers are essentially being replaced by tax-free
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First Prosecution for a Company Director by the Pensions Regulator for AE Non-Compliance

This month The Pension Regulator launched its first prosecution of a company and its director for deliberately avoiding their automatic enrolment duties. Stott Tours, based in Oldham, Greater Manchester, and its managing director, Alan Stott, are accused of deliberately not putting 36 of their staff into a workplace pension. They have been summonsed to appear at Brighton Magistrates’ Court on 4 October 2017. Over 400,000 employers have now complied with their legal duties, but the regulator  will use its powers where they are failing to give their staff the pensions they’re due. Petaurum Solutions Comment We will continue to track this
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If you don’t keep up your pension contributions or fail to stage, the Regulator WILL find out

If you don’t keep up your pension contributions or fail to stage, the Regulator WILL find out Automatic enrolment (AE) is now business as usual for most employers. As outlined in the Pension Regulators latest compliance and enforcement bulletin, the level of enforcement work they carry out has increased along with the number of employers who have AE duties to comply with. In the last quarter alone the Regulator conducted approximately 25% of all AE enforcement activity they have ever taken. Their enforcement strategy varies, from issuing compliance notices when an employer fails to declare their compliance on time, to
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Why HR is essential for small businesses

Why HR is essential for small businesses People are the greatest asset to any business, however this is specifically true for small businesses where several roles can be occupied by one person and successful growth is contingent on securing and retaining talented employees. In light of this, developing a business strategy which encompasses the management of people within the organisation is crucial for dictating a successful business trajectory. This is where HR becomes a key player. Business owners may have worked hard to attract the right candidates for the job, but understanding how to manage different personalities, whilst helping employees
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Acas publishes new guidance on mental health in the workplace

Acas publishes new guidance on mental health in the workplace To coincide with World Mental Health Day, Acas has produced new guidance to help organisations support employees who may be suffering from poor mental health. Acas earmarks the role of the manager as pivotal when supporting employee wellbeing. Whilst the manager is responsible for monitoring workloads and setting reasonable targets, the guidance (see below) suggests that the role should have certain pastoral qualities. Managers should be approachable and encourage their employees to talk if they are experiencing difficulty. Another report has found that long-term mental health conditions cause up to
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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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