Proposals to extend pensions auto enrolment to younger workers

The government has announced proposals to extend pensions auto enrolment to include younger workers and to amend the way in which contributions are calculated. According to the press release: ‘The review’s recommendations, which will now be progressed... Read Full Article...

No Comments on Proposals to extend pensions auto enrolment to younger workers

Auto enrolment for new employers

Under pensions auto enrolment employers have to enrol qualifying employees into a workplace pension. Duties include paying contributions for the employee. The process of auto enrolment has been phased in from October 2012 when the largest employers... Read Full Article...

No Comments on Auto enrolment for new employers

Pensions Auto enrolment compliance

The Pensions Regulator (TPR) has begun carrying out employer spot checks to make sure employers are complying with their automatic enrolment duties and that they are giving their staff the workplace pensions they’re entitled to. According to... Read Full Article...

No Comments on Pensions Auto enrolment compliance

Automatic enrolment reaches 8 million

The Pensions Regulator (TPR) has confirmed than eight million employees have signed up for a workplace pension since the launch of automatic enrolment. The introduction of automatic enrolment was expected to lead to around eight million workers... Read Full Article...

No Comments on Automatic enrolment reaches 8 million

‘No excuses’ for auto enrolment mistakes say TPR

The Pensions Regulator is reminding employers and their advisers, that they need to comply with their auto enrolment duties or face penalties: ‘Being ill or short-staffed isn’t a good enough excuse for your clients failing to comply... Read Full Article...

No Comments on ‘No excuses’ for auto enrolment mistakes say TPR

Pensions Freedom Update

According to HMRC figures over 230,000 people have used the new pension freedoms introduced one year ago and accessed over £4.3 million in pensions saving. In April 2015, the government introduced significant pension reforms giving people the ability... Read Full Article...

No Comments on Pensions Freedom Update

Auto enrolment success for small businesses

More than 90% of the first small employers required to put their staff into a workplace pension have now complied with the law. Around 12,000 small and micro employers became subject to the new legal requirements last... Read Full Article...

No Comments on Auto enrolment success for small businesses

Pensioners ‘to gain’ from new single tier state pension but younger people ‘worse off’

A new single tier state pension is to be introduced for those reaching state pension age from 6 April 2016 onwards. According to research by the Department for Work and Pensions (DWP) many pensioners will receive a... Read Full Article...

No Comments on Pensioners ‘to gain’ from new single tier state pension but younger people ‘worse off’

CBI warns government not to ‘tinker’ with pensions tax

The first industry-wide survey since the general election sets out businesses’ pensions priorities this Parliament. The CBI has reported that according to the latest survey companies wish for stability on tax, policy and funding to boost pensions.... Read Full Article...

No Comments on CBI warns government not to ‘tinker’ with pensions tax

State Pension top up’ scheme

A new scheme is being launched offering anyone reaching State Pension age before 6 April 2016 a chance to increase their State Pension by up to £25 a week. People are eligible if they are entitled to... Read Full Article...

No Comments on State Pension top up’ scheme