Automatic Enrolment: Pensions Regulator continues clampdown on non-compliant firms

Auto EnrolmentAny employers who think they can get away without complying with the Automatic Enrolment rules should think again, after further evidence emerged that the regulator will clamp down heavily on uncompliant employers. The Pensions Regulator will now publish quarterly updates showing how many times it has used its powers to make sure employers meet their obligations. In the first of these updates, it was revealed that he regulator has used its powers 23 times during the second quarter of 2014, to force firms to comply....

Automatic Enrolment: 8 jobs you should have ticked off within six months of your Staging Date

Automatic Enrolment: 8 jobs you should have ticked off within six months of your Staging DateWe’ve already written about why you shouldn’t treat Automatic Enrolment like your tax-return and leave planning to the last minute; the potential fines are just not worth it! But, how much work should you have completed within six months of your Staging Date? What jobs should have been completed and ...

Automatic Enrolment: Employers “lack knowledge and are unengaged”

Auto EnrolmentNew research has uncovered a staggering lack of engagement and knowledge amongst employers on Automatic Enrolment. The survey, conducted by Defaqto on behalf of Now: Pensions, shines a light on the attitudes of employers, as seen by Independent Financial Advisers, towards Automatic Enrolment. The survey of 264 IFAs found that: Our advisers can help you make the right decision...

Born in the 60‘s or 70’s? Expect to be worse off that your parents when you retire

old  rotary telephoneA new report has shown that the generation of people born in the 1960s and 1970s will be worse off than their parents when they retire; the first time this has happened since the Second World War. The report, from the Institute for Fiscal Studies, compared the standard of retirement people born in the 60s and 70s are likely to have compared to that of older generations. For a country used ...