Further information can be accessed from the consultation paper and any enquires can be addressed by email to TPS.CONSULTATIONS@education.gov.uk
Geographical extent: England & Wales
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Taking stock with the Mid-life MOT 9 September 2019
As well as launching their own Mid-life MOT site, the Department for Work and Pensions (DWP) has worked with Business in the Community (BiTC) on a guide for SMEs, showing how they can facilitate mid-life MOTs for their staff.
The mid-life MOT is a review that enables employees in their 40s, 50s and 60s to assess their health, skills and finances, so they can better prepare and plan for the future they want.
For employers, mid-life MOTs help retain older employees, keeping crucial knowledge and skills within the organisation.
This guide for SMEs has been designed with small and medium-sized businesses in mind and sets out how a mid-life MOT can help both employees and employers, and where to go for advice and support.
Providing advice and support at this point is important. Juggling work/life balance, planning future finances and considering career and learning opportunities in mid-life can be difficult. Once people reach 50, they are more likely to fall out of the workforce altogether, putting them at greater risk of poverty in retirement.
DWP - Mid-life MOT site DWP and BiTC - guide for SMEs
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TPR launches prosecution against director 13 September 2019
A company director is being prosecuted by The Pensions Regulator (TPR) for failing to provide information and documents requested as part of an ongoing investigation.
Michael Woolley was asked to provide information about investments made by company Southbank Capital Limited, of which he is both a director and a shareholder. The investments relate to money and / or assets originating from 16 pension schemes for which PIM Trustees Limited is the trustee. Mr Woolley is the sole director and a shareholder of the professional trustee firm.
Mr Woolley is accused of failing to comply with a notice issued under section 72 of the Pensions Act 2004 that required the information and documents to be provided by 12 February 2019.
It is an offence under section 77(1) of the Act to neglect or refuse to produce documents and information required under section 72 without a reasonable excuse. The offence is triable only in a magistrates’ court and is punishable with an unlimited fine. Mr Woolley has been summonsed to appear at Brighton Magistrates’ Court on 13 November 2019 to face a charge of neglecting or refusing to provide information and documents, without a reasonable excuse, when required to do so under section 72.
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The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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