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Tagged: Automatic Enrolment

1 in 10 people over 65 are still in work due to low pension incomes

The number of people over the age of 65 who are still in employment has hit one million for the first time, according to figures from Office of National Statistics (ONS).

The figures look at labour statistics for the three months running till the end of April and show that approximately 615,000 men and 388,000 women over the age of 65 are still working.

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TPR could target entire industries with audits for auto enrolment compliance

As automatic enrolment is rolled out to more businesses The Pensions Regulator (TPR) will be targeting specific industry sectors with audits, Payroll World has revealed.

It has already been announced that TPR will be able to issue fines to companies failing to comply with auto enrolment and these fines can reach up to £10,000 a day for those showing “deliberate non-compliance” with the legislation.

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Do you need support for auto enrolment? [Infographic]

Workplace Pension Reform has already begun, with larger companies having to start complying with Auto Enrolment from October 2012 - smaller companies will have to follow suit over the coming months and years. Despite this, it is still important to start preparing as early as possible for this complex legislative change.

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