Auto-enrolment and the role of the employer

Auto-enrolment – employer duties A new policy paper prepared jointly by legal firm Eversheds Sutherland and pension provider Royal London warned that there is a risk that employers aren’t doing enough and that the legal minimum may well prove to be too low. It was suggested in three areas, that employers satisfying only the minimum […]

The ‘Future of Pensions’ Event

Albert Goodman partnered with the Somerset Chamber to host ‘The Future of Pensions’ event at Taunton Racecourse on Friday 27 April, with guest speaker former Pensions Minister, Sir Steve Webb. There was a brilliant turn-out of attendees for the highly-anticipated event, which began with a delicious breakfast provided by the racecourse, followed by a room […]

Important Changes to Auto-enrolment

Important Changes to Auto-enrolment Under Auto Enrolment the minimum contributions in place will be changing with effect from the 6th April 2018.  By law, the minimum contributions will be increasing in two phases; on the 06/04/2018 and once again a year later on the 06/04/2019.  If you are an employer operating an auto-enrolment workplace pension […]

Using your business to retire

Have you considered using your business as a retirement vehicle? Whether planning to sell your business to a third party or gifting it to the next generation, devising a structured plan long before exit can reap benefits now as well as later. New pension freedoms mean a pension pot can not only benefit you, but also your family and […]

Pension Freedoms: Why turning 75 could prove bad for your wealth

Although widely welcomed, both by those in the wealth management profession and the clients they advise, the recent raft of reforms to pensions (sometimes known as pension freedoms) have taken the UK pensions industry by surprise, with many still struggling to cope with the sheer volume and pace of change. Most financial commentators welcomed one […]

Pension Scam Awareness

National Scam Awareness Month July 2016 is National Scam Awareness Month, and with scamming on the rise this has never been more important. An increase in fraudsters targeting under 55’s in early pensions release scams is just one of a number of reasons why  police estimates  show that £13.2 million was lost to pensions liberation […]

Mapping the Minefield

The latest batch of reforms to pensions, announced by George Osborne in his speech at the Conservative Party Conference, only added to the complexity and sheer range of options now available to individuals with pension funds, of whatever size. Much of the media has latched onto the ability for an individual to now pass on […]

Non-Executive Directors and Auto Enrolment

As the legislation introduced by the Government relating to Workplace Pensions in 2012 starts to affect more and more UK employers, it’s becoming clear that there are a number of unintended consequences, which can impact on Non-Executive Directors (NEDs), as well as agency workers and self-employed Consultants. The crux of the matter is the Pension […]

Plan your finances and you won’t work to 70

There will be lots of headlines today saying that we are all going to have to work longer following announcements made in the Autumn Statement yesterday, however this is not necessarily the case. Changes had already been announced that will raise the State Pension Age (SPA) to 66 from 2020 and to 67 in 2028, […]

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