Auto enrolment pensions see their first conviction – it is time to act

Posted by Jean Armstrong 13 December 2017 10:17 AM

The Pensions Regulator secured its first ever conviction in court for a business (and its Managing Director) that has failed to meet its obligations regarding auto enrolment pensions in November 2017. This is a landmark and shows the commitment of the regulator to making sure all eligible UK employees are enrolled in a pension scheme by their employer. And it sounds a warning to the UK businesses that are still to get their house in order with auto enrolment.

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Topics: Auto Enrolment

Why auto enrolment postponement isn’t an option for most small businesses

Posted by Jean Armstrong 01 December 2017 08:26 AM

Auto enrolment postponement has become a hot topic with small business. As the final rounds of auto enrolment letters come out from the Pensions Regulator, there are those that try to bypass the rules with solutions of their own. Auto enrolment postponement is seen as the saviour of the small business that either isn’t ready or doesn’t want to consider automatically enrolling their team onto a pension scheme. With a quarter of employers missing their deadline, there is little wonder that they are looking for a way to stave off the threat of fines from the Regulator.

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Topics: Auto Enrolment

Already auto enrolled your staff pensions? Remember you still have ongoing auto enrolment duties

Posted by Jean Armstrong 20 November 2017 08:15 AM

Auto enrolment has been rolled out to the employers of this country over the last five years or so. By February 2018, all employers in the UK will have to consider their responsibilities in terms of auto enrolment. It is such a sea change in the way that we operate as employers that it can be easy to think that all the hard work is done. But there are ongoing auto enrolment duties for every employer to make sure that they stay on the right side of the law.

The Pensions Regulator have been given strong powers to ensure that employers play by the rules. Pensions will become an important part of the financial planning of everyone in the country as the state pension struggles to keep up with inflation and living costs. Sadly, the pension plans of many people in the UK is nowhere near what they might need.

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Topics: Auto Enrolment

Starting a new business? Don’t forget your Auto Enrolment responsibilities

Posted by Jean Armstrong 17 November 2017 03:20 PM

There is so much to consider when starting up a new business. You have to speak to people about setting up the company registrations, maybe sorting out insurance provision and the the nitty gritty such as business cards as well as looking for your customer base. Articles regularly show that starting a business can be one of the most stressful times of your life. None of us get into this because we want to deal with all the paperwork involved, but because we have a passion for what we do and see a gap in the market. Just to add to all of this, if you are setting up a new business then don’t forget your auto enrolment responsibilities as well.

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Topics: Auto Enrolment

If you think getting Auto Enrolment right is a cost to your business, see how expensive it is to get it wrong

Posted by Jean Armstrong 13 November 2017 07:01 PM

Auto enrolment is seen by small businesses as a hassle and a cost. Every new initiative that is rolled out where the business owner has to carry out an additional task is a burden. Where before there was no onus on the business to provide a pension for their team, now there is. This means paperwork, decisions and consultations before we even get to the issue of employers’ contributions. But getting auto enrolment right isn’t the real potential cost in all of this – getting it wrong is far more of an expensive proposition.

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Topics: Auto Enrolment

The top ten myths about auto enrolment

Posted by Jean Armstrong 03 November 2017 02:25 PM

As auto enrolment starts to make its way to all employers in the UK, there is a lot of information passed around about it. Whether these are chats with fellow business owners or comments made online, there has been a lot said. And not all of it is true. At Harlands, we deal with auto enrolment every day. Here are the Top ten myths about auto enrolment

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Topics: Auto Enrolment

What have Martin Lewis, the BBC and your small business got in common?

Posted by Jean Armstrong 25 October 2017 02:19 PM

There are not many times when you could say that you have something in common with the BBC and one of the leading money experts in the UK. Although we’d all like a bit of their exposure, we don’t feel like we share common ground with people in the public eye.

But we do.

Paul Lewis of the BBC has been writing about auto enrolment.

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Topics: Auto Enrolment

Join the Auto Enrolment success story – why? Because you have to!

Posted by Jean Armstrong 20 October 2017 10:06 AM

Auto Enrolment has been around for over five years now, so why are so many people just finding out about it? The reason for this is simple. It started with the biggest companies and then auto enrolment has been gradually rolled out to smaller and smaller employers over this five-year period. But this rollout programme is now coming to an end. By February 2018, auto enrolment will be a reality for all businesses in the UK.

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Topics: Auto Enrolment

Avoid a Last-Minute Rush for Auto Enrolment

Posted by Jean Armstrong 28 August 2017 10:00 AM

Every employer in the UK will have to consider their auto enrolment pension for their employees by February 2018. As we get towards the end of this process (the larger employers started this as far back as 2012) there are estimated to be thousands of small businesses a day setting up their auto enrolment pension scheme in preparation for their staging date.

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Topics: Auto Enrolment

Small Business Owners don't understand Auto Enrolment even though the deadline is near.

Posted by Jean Armstrong 23 August 2017 08:00 PM

Small business owners have been asked the question, and unfortunately the answer is a resounding reply that small business owners don’t understand auto enrolment in enough detail to act. This is a huge worry as the deadline for all businesses in the UK, no matter what size or shape, to act on auto enrolment. The last deadline in February 2018, and by this point, all businesses need to have considered auto enrolment and understand what it means to them.

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Topics: Auto Enrolment