Workplace pension

The Pensions Regulator (TPR) recently announced that it has fined 40,000+ companies over auto-enrolment failures. The scale of action shows that auto-enrolment compliance has been more complex than many companies anticipated, with even well-intentioned organisations feeling the brunt of TPR’s scrutiny. As a result, many companies are unknowingly and unnecessarily exposed to risk – and management teams

Determining how much to contribute to your pension is an important consideration for securing your financial future. The amount you can contribute to your pension while still receiving tax benefits is governed by the pension allowance. Let’s explore the pension allowance and understand how it affects your pension contributions. What is the Pension Allowance? The

What is postponement? You can delay enrolling some or all of your employees on your company’s workplace pension scheme for up to three months. At the end of this period, your employees should be enrolled on the scheme. You are also required to let your staff know what you are doing and how auto-enrolment will

On a rolling 3 yearly-basis from your staging date or duties start date, employers need to re-assess workers who: Opted out of the workplace pension Left the pension scheme after the opt-out period Reduced their contributions to below the minimum level Any worker who meets the assessment criteria for auto enrolment has to be re-enrolled

A happy employee is the most important asset your business has. When they know you’re looking after them, they look after you. 47% of employers say budget is their biggest barrier to improving employee engagement levels (according to a June survey of HR decision-makers). With businesses truly needing to achieve more with less, helping staff feel

According to the auto-enrolment (AE) legislation, eligible employees have to be enrolled in a workplace pension scheme. However, according to research published by The Resolution Foundation, 3% of those employees have fallen through the cracks… not because they’ve opted out, but because they’re not enrolled the way they should be. 3% sounds like a small number,

An introduction to workplace pensions  In a nutshell, workplace pensions are designed to help workers in the UK save more money for retirement. A successful workplace pension encourages greater financial freedom when an individual decides to leave the workplace. In most cases, a percentage of salary is automatically placed into a pension scheme every payday,

For those that are setting up a workplace pension for employees, managing a workplace pension, or making general amendments to the scheme for their workforce, it can be a very confusing process. Fulfilling Automatic Enrolment criteria can be a drain on staff resources, but that’s where we are here to help. Without the right help

At Husky, we aim to empower individuals and businesses with information and options – so that you can take control of your financial future. That’s why we’ve partnered with an independent responsible investment specialist, Impact Lens, to give you and your staff independent, transparent scoring on how workplace pension schemes are investing your money. Although for