Automatic Enrolment: Fines for employers soar

Automatic Enrolment: Number of employers fined soarsThe number of employers fined for failing to comply with the Automatic Enrolment rules has soared over the past few months. New figures reveal that the Pensions Regulator imposed 166 fixed penalty fines, each for £400, in the last quarter of 2014. The number of compliance notices, which act as an early warning to employers that they need to remedy their behaviour, also rose significantly. Our experts ...

Automatic Enrolment: Regulator warns small businesses

Automatic Enrolment: Regulator warns small businessesThe Pensions Regulator has warned that hundreds of thousands of small business do not know their Automatic Enrolment Staging Date and risk failing to comply with the new rules. Over the next few years all businesses will have to enrol their staff into a pension scheme; the exact date by which firms must comply is known as their Staging Date. However, new research has shown that many employers don’t know their Staging Date, leading to concerns that they will fail to comply with the new rules....

Automatic Enrolment: 7 lessons we’ve learnt from the employers we’ve helped comply

Automatic Enrolment: 7 lessons we’ve learnt from the employers we’ve helped complyThere aren’t many times in life when the benefit of experience and hindsight isn’t useful. However, when it comes to Automatic Enrolment you will probably need to do it once, which means learning as you go. Of course one way around the problem is to use the services of an adviser and tap into their experience. We’ve helped many firms comply with the new rules, so we thought we’d put together seven of the key lessons we’ve learnt. Lesson #1: There’s an ideal ...

Automatic Enrolment: 7 questions (and the answers!) your staff will definitely ask you

Automatic Enrolment: 7 questions (and the answers!) your staff will definitely ask youEven at the best of times most people find pensions confusing. Throw in a new type of pension, Automatic Enrolment, as well as the constant changes to the system and you have the potential for a lot of awkward questions coming in your direction. If you have bought in an adviser to help you with Automatic Enrolment you will be able to divert some of the questions to them. Even if you have used an adviser, or if you’ve taken ...