Automatic Enrolment: Why it probably won’t give you enough income to retire

My FutureThere’s no doubt that, on the face of it, Automatic Enrolment has been a success, with six million new workers now contributing to a pension and 95% of employers complying with the new rules (Source: BBC, July 2016). However, scratch below the surface and the picture isn’t quite as rosy. A number of factors affect the size of your pension pot, and consequently the income it will provide. These include: The amount you contribute The length of time you pay in for The amount taken out in charges and fees The ...

Automatic Enrolment: 6 facts you probably don’t know

Automaatic Enrolment: 6 facts you probably don't knowEven if it hasn’t affected you yet, you have probably heard about Automatic Enrolment by now. Automatic Enrolment started with larger employers in October 2012 and the adverts, with workers shouting “we’re all in”, have been hard to avoid. But you probably don’t know how Automatic Enrolment is revolutionising workplace pensions and how it is helping huge numbers of people plan for their retirement. The Office for National Statistics has recently revealed six facts which illustrate how successful Automatic Enrolment has been and why you ...

Guest Blog: 6 Things You Should Know About The HR Side of Pension Auto-Enrolment

Guest Blog - Liz StramaIn her first Guest Blog for Investment Sense, Liz Strama, owner of HR Protected, looks at some of the HR issues Auto Enrolment throws up and which employers might have overlooked. The process of pension Auto Enrolment is very specific, as an employer you have to follow the rules and make sure everything is in place by your staging deadline. Your pension adviser/provider will help you with putting the pension policy in place, but how do you deal with the internal HR side in your business? Many employers get so ...

About to be auto enrolled into a pension? 6 reasons you shouldn’t opt out

About to be auto enrolled into a pension? 6 reasons you shouldn’t opt outIf you work for a small business, which doesn’t already offer you a pension, it’s likely you will be automatically enrolled into a workplace pension over the next year or so. Automatic Enrolment is designed to get more people saving for retirement and there are signs that it’s working. You and your employer will make contributions; you will also be entitled to tax-relief, further boosting the amount paid in each month. Of course once you are enrolled you could ...