Category Archives: auto-enrolment

How can payroll bureaux profit from auto-enrolment?


I’ve recently been asked by the leading payroll trade publication to answer some questions. I’ve enjoyed thinking about them and have set out my answers below. I’m not a payroll manager and I don’t run a bureau – I’m not … Continue reading

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

Let’s put an end to pension transfer privilege.


“Sexy cash” legitimised? A few years ago , Sir Steve Webb, then our pension minister, stood in front of the PLSA and berated Boots and its pension scheme for tempting members out of the pension scheme with cash incentives. He … Continue reading

Posted in annuity, auto-enrolment, pensions | Tagged , , , , , , , , , | 1 Comment

The peril of pensions (a quiet word in payroll’s ear).


Anyone who manages payroll, whether in-house or as an outsourcer, will by now have discovered the perils of auto-enrolment. This article will not rehearse the process issues (you’ll be relieved to know). But with auto-enrolment come workplace pensions. Currently the majority … Continue reading

Posted in accountants, advice gap, auto-enrolment, pensions | Tagged , , , , , , , , , | 1 Comment

Likely market impact of the Pension Schemes Bill


  The Pension Schemes Bill  (the Bill) is expected to be enacted in 2017 and  focusses on protecting savers and maintaining confidence in pension savings. The pensions market has responded to the introduction of auto-enrolment  and has developed a new … Continue reading

Posted in auto-enrolment, pensions | Tagged , , , , , | 3 Comments

Never mind the quality, feel the width- AE review to nudge coverage not contributions!


Summary The Government has set out it’s stall for next year’s AE review. To the disappointment of providers, an increase in contributions is not on the agenda. But the breadth of coverage of AE is – including consideration of the … Continue reading

Posted in auto-enrolment, pensions | Tagged , , , , , , , , | Leave a comment

Why can’t we talk about investment returns?


  Investment performance has become a taboo – a “no go zone”. This suits the auto-enrolment agenda which is “comply or die”, but NEST has broken ranks and asked defaqto to publish comparative investment performance and it was right to … Continue reading

Posted in actuaries, auto-enrolment, pensions | Tagged , , , , , , | Leave a comment

Beyond payroll – where AE gets tricky


Legitimising off-payroll workers Off-payroll workers (AKA personal service workers) are not moon-lighting benefit scroungers, they are part of the outsourcing process that ensures Government Departments and private employers can manage services effeciently. But the rules that govern the status of … Continue reading

Posted in auto-enrolment, pensions | Tagged , , | Leave a comment

Taking possession; how’s Workie performing ?


There’s an urban (pension) myth that it’s not until your pension is worth as much as your car that you take any notice of it. My car has been written off twice and has a scrap value of £1000 so … Continue reading

Posted in auto-enrolment, pensions | Tagged , , , , , , , | 1 Comment

Why there is no “opt-out” for the self-employed.


  I get annoyed when I hear pension experts opine on including the self-employed in auto-enrolment (1). I don’t see much self-employment on their CVs, I certainly don’t see many of them being self-employed out of necessity. But most of … Continue reading

Posted in accountants, advice gap, auto-enrolment, dc pensions, pensions, Pensions Regulator, Politics | Tagged , , , , , , , | Leave a comment

Power to the people (now we’re taking the risk).


  If the People’s Pension , is really the people’s pension, why aren’t the people who are members being told what they are paying for membership? For some months, I have been saying privately to the management and Trustees of … Continue reading

Posted in advice gap, auto-enrolment, pensions | Tagged , , , , , , , , , | 2 Comments