500,000 more business to be hit by auto-enrolment than expected
New figures from The Pensions Regulator (TPR) have shown that half a million more small businesses will have auto enrolment duties than previously anticipated.
The figures come as part of TPR’s 3rd annual automatic enrolment commentary and analysis.
The analysis… Continue reading
Extra 500,000 businesses set to stage following revision
With recent increases in the amount of business start-ups and a lower number of closures than expected, The Pensions Regulator (TPR) have found that there will be around 500,000 more businesses staging than initially thought.
The new figures published last… Continue reading
People feel the pinch as auto-enrolment fines soar
The number of fines issued by The Pensions Watchdog for auto-enrolment non-compliance has rocketed. Here’s how to avoid falling foul of the law.
As predicted by many, the number of fines issued to employers by The Pensions Regulator for failure… Continue reading
Why auto-enrolment is bigger than the pension reforms
People are known to follow a trend, so it should come as no surprise that there is more hype surrounding pension reforms than auto-enrolment, the more important of the two reforms, has garnered.
Having come into effect this April, the… Continue reading
Could auto-enrolment resolve young workers’ fears?
The marketing director of the Canada Life Group, Paul Avis, has said that more young people could remain auto-enrolled were it seen a sign of their continued career and future within a company.
Mr Avis recommended that auto-enrolment be used… Continue reading
UK pensions minister must achieve greater auto-enrolment contributions
A think tank with historical links to the government has announced that new Pensions Minister, Ross Altmann, must prepare for a higher target for auto-enrolment pensions, deeming the current goal of 8% is insufficient.
The directions published for Altmann by… Continue reading
Pension Regulator’s letter alert on Auto Enrolment
The Pensions Regulator’s most recent employer tracker research showed that around half of micro employers and 20% of small employers are not clear about when their Auto Enrolment duties come into effect.
To help employers avoid the mistake of failing… Continue reading
Employers Fined for failing to comply with pensions duties
The total number of employers fined for failing to comply with their workplace pensions duties reached 169 by the end of 2014, according to figures released by The Pensions Regulator today.
The total represents a small number compared to the… Continue reading
5.2 million enrolled in Workplace Pensions Scheme
In one of the biggest reforms to pensions in the last decade, the automatic enrolment pension scheme has, since its launch in 2012, been responsible for the enrolment of nearly 5.2 million workers in workplace pension scheme.
Set to encompass… Continue reading
Companies are yet to prepare for auto enrolment changes
The Pensions Regulator revealed this month that in spite of SME awareness of auto enrolment being high, many of the companies who will be staging later on the year are yet to begin preparations for enrolling their staff in a… Continue reading