Accountants and payroll bureaus have been struggling to cope with the time needed to manage their client's auto enrolment requirements ever since its mandatory introduction.
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Why your accountant is using AEclipse to offer auto enrolment services
Auto Enrolment is here to stay. Like it or not, as small business owners we are now responsible for complying with legislation designed to sure-up everyone’s pension pot and safeguard our future. Deep down we know it’s a worthy endeavour, but today, faced with admin overload it seems like yet another unnecessary hurdle we are forced to struggle over.
Read More5 tips for sorting your auto enrolment out the smart way
Most of us are looking at our professional commitments for the second half of 2017 and wondering where we can make changes and improvements. The rest of this year and into 2018 is going to be about automation and finding ways to get repeatable processes carried out quicker and more efficiently.
Read MoreImpact of the increase in the state pension age
July saw changes to the age in which people are eligible to receive the state pension. Although the issue has been largely politicised, these changes will undoubtedly have far reaching consequences for a large section of the population, particularly those under the age of 39.
Read MoreWhy you should set your single director company clients up with a work place pension scheme before it's too late. . .
The auto enrolment requirements for single director companies are not as clear as they could be if you don't know the AE market. While they don’t necessarily need a pension scheme setting up, understanding the implications of not doing so will offer them more flexibility in the future and also save them or their staff money.
Read MoreAuto enrolment, TPR, fines and tribunals
While the numbers are small, the statistics should serve no less a reminder of the gravity of missing your staging date and not complying with your legal obligations under the government's auto enrolment and work place pension legislation.
Read MoreNaming and shaming - the new AE reality
So The Pensions Regulator has started to name and shame employers that do not meet their auto enrolment obligations. The worst 20 offenders were given escalating penalty notices (EPNs) and fined over £220,000.
Read MoreHow AEclipse provides access to Legal & General
Legal & General are one of the most popular Pension Providers around at the moment, especially for employers seeking to auto enrol their employees into a scheme that balances the needs of the employer and the employee.
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