Automatic Enrolment – how do workplace pensions work?
More than 1.2 million employers have now successfully met their automatic enrolment duties and put nearly 10 million staff into a workplace pension. Workplace saving is now the social norm with 84% of staff now saving, and automatic enrolment has reached steady state with around 100,000 new businesses a year putting staff straight into a pension. However, automatic enrolment has
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The 6 top reasons why business awards are good for business
Raise the profile of your brand Winning an award is a great ‘good news’ story for your business and what better way to talk about your business than by letting the award do the talking- you’ve been judged by independent industry experts who have said that you’re a leader in your field – and that includes businesses that are shortlisted.
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Margin or turnover to increase my profits?
My business is doing ok but I want to increase my profits You are probably already aware of the three things that can increase your profitability: sell more products [increase turnover], sell same quantity of products at a higher price [increase margin] or reduce costs [increase margin]; whilst it is simplistic to suggest that the answer to your question is
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The Pensions Regulator: We will use our powers to protect pension savers
In our latest compliance and enforcement report, we have once again demonstrated how we are using our powers to safeguard pension savers. The bulletin for January to March 2018 shows how we are ensuring employers meet their automatic enrolment pension duties. This quarter’s enforcement action represented over 20% of the AE powers we’ve ever used, including nearly 20,000 Compliance Notices
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Automatic enrolment and ongoing duties – what your clients need to know
Every employer has automatic enrolment duties. They need to assess their staff, enroll them into a workplace pension scheme if they meet certain criteria, write to them to tell them what they’ve done, maintain a payment of pension contributions into their pension scheme and complete and submit a declaration of compliance with The Pensions Regulator. However, an employer’s workplace pension
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Defence Against Money Laundering FAQ
The purpose of the Defence Against Money Laundering (DAML) FAQs The National Crime Agency (NCA) has published the first edition of the Defence Against Money Laundering Frequently Asked Questions (DAML FAQ v1). This product draws together the good practice and interpretations provided by experienced Money Laundering Reporting Officers (MLROs) from across the UK SARs regime. Collaborative answers are provided to the
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Automatic enrolment: The last of the stagers
This summer will see up to 180,000 employers with a staging date reach their deadline for completing their declaration of compliance with The Pensions Regulator. Employers with staging dates of 1 January and 1 February will have deadlines to complete their declaration of compliance by the end of May and the end of June respectively and so by now they
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Financing the purchase of a property abroad
In the following article we focus on the different options open to you if you’re looking to buy an overseas property and are not in a position to make a cash purchase. If you borrow the money at home, but your income is going to be paid in the country where you are buying your new home, you will need
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Update on Automatic Enrolment
More than one million employers have now put around 9.3 million staff on the path to saving for their retirement. The landmark shows how far we have come since the start of automatic enrolment. However we are not complacent and now look to the challenges ahead so the roll out continues to be a success and more people benefit. Next
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