Category Archives: Payroll

How much should I spend on retirement?


People get frightened by this question – they shouldn’t! The simple answer is that we all pay into a national pension scheme through national insurance and you can find out what you’re likely to get from the State we completing … Continue reading

Posted in Blogging, Debt, journalism, Payroll, pension playpen, pensions, Pensions Regulator | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Auto-enrolment – matching payrolls to pensions.


The big payroll/pension issue There are, according to one payroll software development we have spoken to, 42 separate interfaces between payroll and HR and the various workplace pension providers. Not all payrolls are prepared to build processes to accommodate each … Continue reading

Posted in dc pensions, Payroll, pensions, Pensions Regulator | Tagged , , , , | Leave a comment

What payroll can do to keep away the loan sharks.


We all know the sharks that swim in financial waters preying on the weakest and driving them and their families into deeper debt with all the social and health problems that “deep debt” brings. And I’m sure that if it … Continue reading

Posted in Debt, investment, ISA, Management, Martin Lewis, Payroll, pension playpen | Tagged , , , , , , , , , , , , , , , , | Leave a comment

One million employers buying pensions in the dark.


I am comfortable with the interventions by Government in the sales side of workplace pensions. The DWP’s minimum standards legislation is progressing well and we look forward to seeing some secondary legislation in September. The Treasury’s work transforming the choices … Continue reading

Posted in accountants, auto-enrolment, DWP, NEST, now, Payroll, pension playpen, pensions, Start ups | Tagged , , , , , , , | Leave a comment

Time to ditch the “institutional” from pensions


  There has always been a gulf between retail and institutional pensions. But I have never felt it so inappropriate . Retail pensions were sold on commission, organised by insurance company and regulated by the Treasury via the FCA and its … Continue reading

Posted in advice gap, annuity, Payroll, pension playpen, pensions | Tagged , , , , , , , , , , , , , , , | Leave a comment

Providers cherry picking pension customers? Whatever next!


Money Marketing is reporting that insurers are cherry picking the workplace pensions they take on . That this is news says a lot for the appalling lack of underwriting applied by insurers to the pricing of new business in this market over … Continue reading

Posted in brand, Payroll, pensions, Pensions Regulator | Tagged , , , , , , , , , , , , , | Leave a comment

Carry on nudging!


We may just have been nudged. We’ve been getting  interested in salary sacrifice. We have been building a salary sacrifice modeller into the workforce assessment tool on http://www.pensionplaypen.com by popular demand. Initially I had thought  salary sacrifice was benefiting employers but … Continue reading

Posted in auto-enrolment, Payroll, pension playpen, pensions | Tagged , , , , , , , , | 1 Comment

No small company should spend 103 man days on pensions!


Paul Foot of Sage is right to point to research carried out by the London Business School that concluded that 103 man days were being devoted to auto-enrolment by companies staging in 2013. I don’t know how you account for … Continue reading

Posted in auto-enrolment, Payroll, pension playpen | Tagged , , , , , , , | Leave a comment

Mind the gap – who’ll be supplying to auto-enrolment in years to come?


Introduction This article is a summary of a presentation given to the Friends of Automatic Enrolment on 19th June. The FAoE had been privileged to have Steve Webb present and engage fully with the audience. Unfortunately he just missed this … Continue reading

Posted in accountants, advice gap, Payroll, pension playpen, pensions | Tagged , , , , , , , | Leave a comment

It was auto-enrolment that did for Hitler?


I’m not a big video man – who wants to spend 3 minutes of your working  day watching with the sound off – good news with this one is that it’s got sub-titles! The other good bit is that it … Continue reading

Posted in accountants, actuaries, advice gap, auto-enrolment, Payroll, pensions, workplace pensions | Tagged , , , , , , | Leave a comment