The Chartered Institute of Payroll Professionals ……………………………………………………………Policy News Journal
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Extended auto enrolment refresher webinar with Q&A 3 October 2016
The Pensions Regulator is hosting a free webinar at 2pm on Thursday 6 October. The session will include the latest updates, a brief overview of re-enrolment duties, compliance figures, new online information and guidance and two Q&A sessions with an expert panel. Help your clients meet their automatic enrolment duties on time and register here for the free webinar aimed at accountants, bookkeepers, payroll professionals and other business advisers. TPR will be covering the basics of AE for everyone – and as a refresher for those who’ve been working on AE for their clients for a while.
You will be able to access the webinar page at 13:30 (GMT) on 6 October 2016, 30 minutes before the start of the event.
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LinkedIn live Q&A on automatic enrolment 6 October 2016
Business advisers can join The Pensions Regulator on their LinkedIn group at 10am on Tuesday 11 October.
Experts from The Pensions Regulator will be online and ready to answer your automatic enrolment questions. The Q&A will run on Tuesday 11 October from 10-11am. If you'd like to participate, make sure you join the LinkedIn group before the session starts and post a question in the same way as you would usually start a discussion.
For more information, visit The Pensions Regulator’s events page
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Pension revolution: Self-employed risk being 'left behind' 7 October 2016
October marks four years since auto enrolment was introduced in the UK. So far over 6.5 million people have been enrolled into a workplace pension, with an opt-out rate of less than 10 per cent.
While millions of workers are saving for their future, new analysis from NEST shows that the UK’s self-employed workforce is at risk of being left behind. Data shows that of the 4.5 million self-employed workers in the UK, only 765,000 are currently saving into a pension. Not only are they missing out on tax relief and investment returns, but they risk being left behind and not meeting their aspirations for retirement. NEST’s calculations show that an automatically enrolled 22-year-old on average earnings of £22,900 could achieve a pension pot of around £150,000 by the time they reach retirement age. With millions of workers changing their retirement prospects through auto enrolment, people that work for themselves are at risk of being left behind.
Commenting, Debbie Gupta, executive director of corporate services at NEST, said:
“Auto enrolment has started a pension revolution, reversing the decline in pension saving and giving millions an opportunity to save for their retirement. It’s great to see the difference it’s making. In the last four years over 6.5 million workers have started saving for their future. However, there’s a risk that millions of self-employed workers are getting left behind.
“Saving a little bit each month can soon add up, particularly when you add on tax relief and investment returns. Pension savings, combined with the state pension can make a real difference to retirement. We all want to carry on
The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
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