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Tagged: Automatic Enrolment

First auto enrolment non-compliance notices issued by TPR

The Pensions Regulator (TPR) has issued its first formal notice to an unnamed company which has failed to fulfil its auto enrolment obligations. A further 38 less-severe warning letters have been sent to other businesses in the period to 12th August.

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Less than 20% of small businesses have started planning for auto enrolment

Despite calls from industry experts to start thinking about auto enrolment 12 months before their staging date, a recent IRIS survey found that only 18% of small businesses had started making preparations for the change.

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Matthew Thompson
14 August 2013

Less than 10% of workers are opting out of auto enrolment pension schemes

According to an announcement from the Department for Work and Pensions (DWP) over 90% of people who have been automatically enrolled into a workplace pension scheme have not opted out.

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Advice from TPR on choosing a pension scheme for auto enrolment

The introduction of automatic enrolment means that many companies may be implementing workplace pension schemes for the first time. To help these employers looking at schemes, The Pensions Regulator (TPR) has published a free guide looking at how to select a good quality scheme for auto enrolment.

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Auto enrolment membership passes one million mark after just one year

Less than one year since automatic enrolment was introduced the number of employees opting in to the new system has reached one million.

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Low pension scheme membership confirms the need for auto enrolment

One of the main reasons for the governments introduction of automatic enrolment was that while people are living longer, healthier lives they are saving less and less for retirement. Recent figures from the Office for National Statistics (ONS) confirm this reason, with current pension schemes having fewer members than any time since records began.

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DWP facing calls for an independent body to control NEST pension scheme

The government is facing calls to distance itself from NEST and let an independent body control the trust once the restrictions on it are lifted in 2017.

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Government announce plans to lift restrictions on NEST pension scheme

NEST, the government-backed pension scheme which has been set up in preparation for automatic enrolment will have restrictions lifted in 2017.

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Matthew Thompson
10 July 2013

SMEs risk fines of up to £10k a day for non-compliance with auto enrolment

Small and medium businesses are putting themselves at risk of huge fines for non-compliance with automatic enrolment, a recent survey from IRIS has revealed.

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Matthew Thompson
9 July 2013

Pension providers turn away auto enrolment business as demand increases

If you haven’t begun preparing for automatic enrolment yet, you should start thinking about it, as pension provider Scottish Life announces they are having to turn businesses away.

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Matthew Thompson
4 July 2013
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