All the latest news and views from inside and outside of Corinthian.
Now: Pensions has been fined £70,000 The trustee of master trust Now: Pensions has been fined £70,000. They have also been given a set of stringent deadlines to fix long-running pension scheme issues. This was announced by the Pensions Regulator (tPR) today. Their CEO maintains that they “remain very much open for business”. However, in July
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6th February 2018 — Read this story in full.
We are recruiting! Corinthian Benefits are recruiting an Implementation Consultant to join our friendly team in Tunbridge Wells. This role would suit an individual with knowledge of defined contribution pension schemes and auto-enrolment. To apply, please send your CV along with a cover letter to Roger at rm@corinthianbenefits.co.uk Click here to see the full job description
23rd January 2018 — Read this story in full.
How can employers ensure engagement is integral to a benefits strategy? Although this article is through a free subscription of Employee Benefits online magazine, it is definitely worth a read. The tendency with many employers is to put employee benefits in place and then think about how to engage people with them, but if they
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22nd January 2018 — Read this story in full.
New Pension Rules The Prime Minister has pledged to stop bosses taking excessive remuneration from companies. She has pledged to do this with ‘at-risk’ pension schemes by introducing tougher new pension rules this spring. Read the full article here from Corporate Adviser. Find out other industry news from Corinthian here: The Pensions Regulator’s fines are up
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22nd January 2018 — Read this story in full.
Nest pension problems The National Employment Savings Trust (NEST) was set up by the government more than a decade ago. It was to make sure every employee had access to a qualifying workplace pension scheme (QWPS). NEST was also set up to comply with the Auto-Enrolment legislation. NEST was initially designed to be the last
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22nd January 2018 — Read this story in full.
Winner of our Website Survey We’re pleased to announce the winner of our Website Survey prize draw and the lucky recipient of a Waitrose Wine Chest. The winner is Jane Morrison of High Hilden Residential Home for the Elderly. Well done Jane and thank you to everyone who took the time to provide us with
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16th January 2018 — Read this story in full.
The DWP has published their Auto Enrolment Review 2017. Among their proposals, the DWP has confirmed that the lower age criteria will be reduced from 22 to 18. The auto enrolment review also plans to have pension contributions calculated from the first pound earned. This is rather than the current lower earnings limit of £5,876. This
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19th December 2017 — Read this story in full.
Corinthian is recruiting! Corinthian Benefits are looking for a Pension Consultant to join their friendly team in Tunbridge Wells, Kent. This role would suit an individual with knowledge of DB and DC pension schemes, pension transfers and retirements including drawdown. To apply, please send your CV and cover letter to Chris at cjf@corinthianbenefits.co.uk Click here to
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18th December 2017 — Read this story in full.
DWP puts forward an authorisation and supervision regime to ensure Master Trusts are fit for purpose There are currently 87 master trusts looking after the retirement savings of 90% of the savers who have auto-enrolled. Despite this, the market has been largely unregulated. There are few requirements for setting up a new master trust and
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10th December 2017 — Read this story in full.
The Pensions Regulator (TPR) has successfully prosecuted Stotts Tours of Oldham. Scotts Tours and their MD has been prosecuted for deliberately failing to provide staff with an Auto-Enrolment pension scheme. They were found guilty of 16 offences. These involved willfully failing to comply with workplace pension legislation since their staging date in June 2015. Sentencing
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1st December 2017 — Read this story in full.
Our very own director, Lee French, was on Ridge Radio this morning discussing auto-enrolment. You can catch up on the interview below: Watch on MixCloud
16th June 2017 — Read this story in full.
Corinthian director Lee French was interviewed by Finance Monthly… Corinthian Affinity offers auto-enrolment solutions to employers, accountants, payroll bureaux and other ‘Affinity’ groups. What are the main challenges associated with operating within the sector? I think that the biggest industry challenge is lack of understanding and lack of engagement from both employers and employees. Auto-enrolment
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24th April 2017 — Read this story in full.
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