The Z Factor
10 March 2017
As we get older we look back at our youth with fondness, however spare a thought for Generation Z, those born after 1996, they have a lot on their plate. Saving is difficult at the best of times and nowadays practically impossible for the millennials. For Generation Z, it’s just going to get worse! Let’s look at why…
22 February 2017
Ok, so “defying authority” has many definitions and we are of course not suggesting that people are dusting down their chemistry sets. But did you know, according to Aviva, 1 in 7 firms are breaking the AE rules?
You Do The Maths
25 January 2017
According to The Pensions Regulator, more than three hundred and forty thousand employers have successfully enrolled seven million people into a workplace pension. So, according to these figures, if we base the total UK workforce on the number given in December 2016 of 32 million, we can safely say there are 25 million still to enroll. That’s a lot of AE activity for employees and advisers alike...
SME's Take Centre Stage
10 January 2017
An estimated 800,000 small businesses are set to reach their auto enrolment staging date in 2017. That’s more than double last year which sat at approximately 336,000. SME’s will now have the added burden to ensure they meet their AE obligations...
20 December 2016
As the year draws to a close, we take a look back at what each month has meant for the auto enrolment industry in 2016. With the biggest stories of each month, we've compiled the essential AE comic strip: your perfect round up of the 2016 workplace pension...
13 December 2016
Santa did not sign up for a pension scheme and failed to auto enrol his elves. Don’t get caught out! Make your list, check it twice, set up your scheme, no trouble or strife!
As we draw to the end of the year, we have compiled an auto enrolment checklist for employers who are approaching their staging dates or about to embark on the auto enrolment process...
Minimum Means Minimum
05 December 2016
In our recent blog post, which you can read here, we briefly touched upon young people’s attitudes towards pensions, and how little attention is paid towards their funds so early on in their professional lives. With the introduction of auto-enrolment, this has forced those in their twenties into contributing towards their pension funds with an initial minimum contribution of 1% of their salary, which will be matched by the employer’s contribution of 1%...
Auto enrolment: It's only just begun
28 November 2016
The UK is one of many countries, including China, Japan and the USA, to be facing an ageing population. Whilst this is great news for the UK’s current retirees who are able to benefit from a healthy government pension it does pose one key concern. With an ageing – and also increasing – population, a strain is inevitably being put on the government’s pension funds. Taking this into consideration, there have already been talks to raise the automatic enrolment (AE) contribution to 12.5% by 2028.
Securing your next AE gig
22 November 2016
The ‘gig-economy’ is a term cropping up more and more, and refers to the environment where workers can operate under a contractor basis for an organisation. For example; Deliveroo, Uber, Etsy and Airbnb. With gig economies, the appeal is there. A short term solution for many to earn an income in an uncertain job market is proving to be a sure way to earn some money with flexible working hours. However, a potentially short term solution still has long-term rights which affect their future...
Pensions, Penalties and Punishments
14 November 2016
An increasing hot topic in the realm of AE includes the rising level of penalties being issued by The Pension Regulator (TPR) which many companies are still struggling to adhere to. Simply put, employees who meet a certain criteria must be enrolled in a pension scheme by their staging date. No head in the sand, no turning a blind eye – NO EXCUSES. This post will reinstate why it is so important to ensure your employees and clients are enrolled in a pension scheme as soon as possible...
The partnership that is cutting auto enrolment admin time
04 November 2016
The recent partnership between OptEnrol and pensionsync has created a number of benefits for OptEnrol clients to make the AE process simpler by the day. As an employer, you may often wonder, ‘What happens when making the first steps into the AE process? Where do we begin?’ With a range of pensionsync’s useful guides and resource saving calculator, clients can now piece together what AE means to them, and how the partnership can assist in outsourcing AE needs.