Workplace Pensions Archives - Moore Stephens Financial Services

Workplace pensions – 2016 outlook and 2015 fines  

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According to The Pensions Regulator, around half a million small and micro cap firms will reach their workplace pensions staging date in 2016. Recent estimates indicate a total financial adviser population of around 22,500 in the UK. However, many of those advisers are not willing or able to advise clients on the auto-enrolment process and have made it clear they do not wish to be involved in assisting employers with…

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Pension Freedoms – Why taking advice has never been more important  

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  A significant but perhaps poorly understood consequence of the Pension Freedoms announced in 2015 is that the future relationship between investors and their advisers will need to be very different to how it has been operating in the past. Previously, individuals retiring with final salary pensions or annuities have needed advice at the point of retirement, but once they have made their generally irrevocable choices, there has obviously been…

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workplace pensions

Workplace Pensions

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Workplace pensions – in the long run, a quality pension scheme outweighs the costs If we hear one concern more than any with regard to workplace pensions, it is that it is just another expense on the business that the employer could do without. The cost might relate to the pension scheme itself or the adviser seeking to recommend a suitable scheme. There is a wide variance in pension schemes…

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Workplace pensions

Steve Webb, workplace pensions and the future

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For those involved with pensions, Steve Webb losing his seat was one of the more notable outcomes of the recent elections. The Liberal Democrat drubbing saw one of the most informed Ministers lose his seat and inevitably his place as the leader of pension reform in this country. Mr Webb was one of those rare individuals, a Minister who understood his subject and was able to push through generation changing…

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Auto-Enrolment A Year On

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It is almost a year since we started to really get involved with auto-enrolment. The new workplace pensions regime had been in place a little while previous to that, but it wasn’t until about a year ago that it started to affect our clients. It seems apt to reflect on our experience to date and there is one discovery that stands out above all others: Auto-enrolment has very little to…

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Workplace Pensions Auto Enrolment Opt Out Results

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If you think that most of your employees will choose opt out of workplace pensions, think again. The latest results suggest that so far less than 10% of staff are choosing to opt out. Helping Employers prepare for automatic enrolment and workplace pensions is occupying a large part of our time at the moment. Over the next five years 180,000 employers will need to put in place pension schemes for…

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