Re-enrolment - what do you need to do? Every three years employers have to assess their staff for re-enrolment. Any staff who have left their pension or reduced their contribution must be assessed and re-enrolled if eligible. We’ve produced a factsheet about re-enrolment, you can download a...
Re-enrolment & Pensions – Your on-going duties By now all employers should have a workplace pension scheme in place for all eligible employees. Once the initial pension scheme is set up there are several on-going duties that must be completed by the employer on a regular basis....
On-going Duties and Re-Enrolment for Work Place Pensions There are a few things you need to do when it comes to Work Place pensions. Once your scheme is set up you have a list of on-going duties. We have listed below the main duties. Ongoing duties include ...
Pension News - NEST Investment Report As one of our preferred workplace pension partners, we work closely with NEST Pensions for both new and existing clients. They recently published their quarterly investment report for September 2018 to employers and members. Headlines include: An 8.6% return over the...
Tax efficient Saving - Your Pension A pension is a great tax-efficient way to save for your future. With the workplace pension scheme now fully in place it means everyone has the chance to save without thinking about it. While the employer has to take the administrative...
Are Directors exempt from automatic enrolment? Good question – it could be yes or no - but it very much depends on how the director is classified. The Pensions Regulator (TPR) has made exemptions for directors in some circumstances. Directors, even those who have a contract of...
Workplace Pension Spot Checks - Don’t get Caught out More than 1.1 million employers across the UK have met their automatic enrolment duties, so 9.4 million workers have a workplace pension as a result. Spot Checks However, some businesses are still not fulfilling their duties either correctly or...
If you are starting a new business on or after 1st October 2017 with one or more employees or employing someone for the first time you will need to get a workplace pension scheme set up for them straight away. The first thing to do is...
WorkPlace Pensions: Don’t forget Its easy to think that once you have set up your scheme that you have finished your duties but you must keep an eye on any changes. Some are obvious such as new staff, but others like pay increases or employees reaching...
Workplace Pension Scheme - How do you choose which one is best for your business? What are the top 5 points you need to consider when choosing your workplace scheme pension scheme? 1. Current Pensions Do any members of your staff have a pension scheme in place? ...