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Automatic Enrolment - are you ready?

Automatic Enrolment - are you ready?

With the recent media campaign no one can have missed that automatic enrolment to workplace pensions are coming, however we are finding that as the deadline looms many small employers are confused as to what to do.

The key change is that employers will be required to provide a pension to certain employees and it will then be for the employees to opt out of the scheme, if they do not wish to take part.  Employees qualify for automatic enrolment if they:

·       are aged between 22 and state pension age

·       earn at least £10,000 per year

·       work in the UK

For larger employers these changes have been ongoing for some time, but now it’s the turn of smaller employers.  For businesses with less than 50 employees the start date (referred to as the staging date) is between 2015 and 2017, with the smallest employers being the last required to introduce the change.  This means that in terms of the number of businesses involved the full impact is yet come.

The first contact for employers will come from the Pensions Regulator, who will be in touch around 12 months before the staging date, asking them to nominate a main contact.  At that point the employer is on notice that they need to put a qualifying scheme in place by their staging date.  Employers can get ahead by finding their staging date via the Regulators website: www.thepensionsregulator.gov.uk/employers/know-your-staging-date

Employers then need to get a plan together to ensure the deadline is met.  This will involve finding a provider, meeting strict rules in terms of communicating with the employees and dealing with the Regulator.  The following checklist is a guide to the basic steps to take, once the staging date is known:

  • Find a suitable provider
  • Decide whether to appoint scheme manager or opt for a DIY approach
  • Check whether your payroll system is compatible
  • Assess and enrol employees
  • Communicate with employees using the correct format and timetable
  • Update your employees contracts
  • Report to Pension Regulator – completing a declaration of compliance

For employers daunted by this prospect, Opsium are able to provide advice and support to guide them through the process.

Date Added: 26/05/2015
Added By: Grahame Davies

Breakfast Seminar Event

Are you aware of the legal changes this year that WILL affect your business?

  • Flexible working
  • Shared parental leave
  • Changes to national minimum wage
  • TUPE changes
  • New financial penalties for employers
  • The latest case law on holiday pay and commission

 

If you need a refresher or an update in this area then come along to our essential update on Employment Law hosted by one of our Senior Employment Law Consultants.

We will provide you with guidance on how to remain compliant and manage your staff, leaving you to focus on running your business.

The event will take place on Thursday 7th May 2015 between 8.30am and 10.30am at the Warrington Village Hotel

Places are filling up fast so if you'd like to reserve your place please email info@opsium.co.uk or call us on 0161 603 2156.

Date Added: 16/04/2015
Added By: Grahame Davies

6th April increases

6th April increases

The limit for a week's pay when calculating redundancy pay increased to £475.

Statutory pay for maternity, paternity, adoption and shared parental leave increased to £139.58 per week.

Statutory sick pay (SSP) rate increased to £88.45 per week.

Date Added: 16/04/2015
Added By: Alan Mills

Breakfast Seminar 26th March: Employment Law Update

Breakfast Seminar 26th March: Employment Law Update

Are you aware of the legal changes this year that WILL affect your business?

  • Flexible working
  • Shared parental leave
  • Changes to national minimum wage
  • TUPE changes
  • New financial penalties for employers
  • The latest case law on holiday pay and commission

 

If you need a refresher or an update in this area then come along to our essential update on Employment Law hosted by one of our Senior Employment Law Consultants.

We will provide you with guidance on how to remain compliant and manage your staff, leaving you to focus on running your business.

The event will take place on Thursday 26th March 2015 between 8.30am and 10.30am at the Bury Village Hotel, Waterfold Business Park, Rochdale Road, Bury, BL9 7BQ

Places are filling up fast so if you'd like to reserve your place please email info@opsium.co.uk or call Michael or Winston on 0161 603 2156.

Date Added: 06/03/2015
Added By: Opsium marketing

Breakfast Seminar: Managing absenteeism

Breakfast Seminar: Managing absenteeism

To celebrate the new partnership between Opsium and Rightsteps, we would like to invite you to our free seminar which will guide you through recent changes in employment law and the management of absenteeism.

If you need a refresher or an update in this area then come along to our essential Employment Law seminar hosted by one of our Senior Employment Law Consultants.

Date: Wednesday 18th February 2015
Time: 8.00am - 10.30am
Location: Village Hotel Ashton, Pamir Drive, Ashton Under-Lyne, OL7 0PG.

This interactive and informative seminar on Employment Law changes is free for business owners and directors to attend.

Places are filling up fast so if you'd like to reserve your place please email info@opsium.co.uk or call Michael or Winston on 0161 603 2156.

Date Added: 20/01/2015
Added By: Opsium marketing

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