Auto Enrolment: Why pension providers don’t want your business and how it will end up costing you

Why don’t pension providers want your business And how could it cost you moreFor most businesses turning down a new sale, order or contract would be pretty unusual, but that’s exactly what many pension providers are doing right now. One of your duties as an employer is to select a pension scheme into which you will automatically enrol your members of staff who qualify. When it comes to choosing a Personal Pension or perhaps a Self-Invested Personal Pension (SIPP) for yourself, no provider would ever turn you down. But when it ...

Automatic Enrolment: A headache looms for businesses in 2014

Auto EnrolmentMany large businesses have successfully automatically enrolled their staff into pensions during the past year, but new figures reveal small and medium size businesses could find the going far harder in 2014. Research from the Chartered Institute of Personnel and Development (CIPD), shows that many small and medium sized businesses, who will have to comply with the new rules next year, could struggle. The main concerns seem to be over the cost of compliance, as well as the contributions ...

Budget 2013: Winners and Losers

Investment Sense Verdict_istockToday’s Budget included a wide range of measures which will affect us all; but were you a winner or a loser? For once there seems to be more winners than losers. However, with so many announcements, changes and alterations it might be a case of ‘swings and roundabouts’. Read on to find out if you have gained more than you have lost. Winners Tax-payers The Personal Allowance, the amount which can be earned before tax is paid, will increase to £10,000 from April 2014, a year earlier than ...

No change to interest rates

No change to interest ratesIn a move which will surprise no one, the Bank of England’s Monetary Policy Committee, has decided to leave base rate unchanged at 0.5%. The vote for the status quo means that the Bank has now kept base rate at 0.5% for four years, a record in modern times. The news that interest rates will remain unchanged for yet another month, will please borrowers, particularly individuals and businesses with interest rates linked to the base rate. However, savers, who have seen interest rates ...