The number of penalties and fines dealt out to companies who fail to meet their AE pension deadlines has soared. 15,073 compliance notices, ordering business owners to adhere to pension regulations were issued between July and September. That is almost 60% of the total since auto-enrolment began in 2012. Fixed penalty fines of £400 were
Are you unprepared for auto-enrolment? Almost two-thirds of accountancy firms say their clients are unprepared for auto-enrolment (AE). They also say the costs of meeting their new legal requirements at their staging dates have “significantly increased”. 61% practitioners questioned by Accountancy Age revealed their clients were “not very” or “not at all” prepared for AE.
Master trusts are to be under legal scrutiny and targeted with new restrictions as laws on pension schemes are strengthened. New legal powers to scrutinise these trusts had their first reading in the House of Lords this month. Corinthian Group Managing Director Robert MacGregor said: “We welcome the Pensions Bill being passed in law”. Corinthian’s
Corinthian Group is the new group name for Beaufort Consulting, which has restructured its service offering as follows: Corinthian Group Managing Director Robert MacGregor explained that the change was a result of a significant growth across all areas of its business over the first four years. “The change is entirely based on our