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: Labour proposes greater access for lower paid workers

Auto EnrolmentLabour has proposed changes to the Automatic Enrolment rules, which could see an extra 1.5 million workers join a workplace pension. At present only workers earning above £10,000 per year must be automatically enrolled. Employees earning between £5,772 and £10,000 are classed as ‘non-eligible jobholders’ and as such are not automatically enrolled. However, if they choose to join a workplace pension their employer must contribute. The threshold has led to criticism that millions of workers, the majority of whom are women, will miss out on a workplace pension....

Automatic Enrolment: Regulator starts to clamp down on non-compliant firms

Head fired the employeeNew research has revealed that The Pensions Regulator has investigated 500 firms for suspected non-compliance with Automatic Enrolment legislation, over the past six months. The figures have come to light after a Freedom of Information request by the Pensions Professional publication, which revealed:   Our advisers can help you make the right decision...

Automatic Enrolment: Charge cap to be delayed

Auto EnrolmentA proposed cap on pension charges, which would have saved workers millions of pounds has been delayed for at least a year, according to reports this morning. Over the next few years millions of workers are set to be automatically enrolled into workplace pensions. To protect workers from high fees and improve the income available to them in retirement, a cap on charges, to be introduced in April, had been proposed....