Blog Archives

Group or corporate pension structures differ from individual ones but need not be complicated.

Surprise Jump in Auto-Enrolment Take Up But Now New Anxiety For Employers?

Auto-Enrol Anxiety For EmployersHi everyone, on a small rant today!

General lack of public awareness and worry expressed over the take up of the Government’s auto-enrolment workplace pension scheme during the past year may have been somewhat exaggerated.

However, with even the Pensions Minister Steve Webb himself expressing concerns that employee take up could be as low as 35% it would have been no surprise if early results indicated that the scheme was failing to gain traction, inspire confidence…or worse still, was even bombing.

Yet…

Read more… The value of pension and investments and the income they produce can fall as well as rise. You may get back less than you invested. The Financial Conduct Authority does not regulate advice on tax planning




New Trouble On The Horizon For Auto Enrolment Pensions?

The Government have a headache, in fact ANY Government of whatever shade would have a headache given the enormity of the task—how to get people saving for their retirement with a decent pension that will still be valid come their retirement date.

And therein lies the first problem—we are all living longer. The Office of National Statistics have just predicted that a third of all babies born in 2012 will live until they are 100!

PricewaterhouseCoopers reckon that children born today will eventually need to work until they are 77 before they qualify for their state pension. Hmm, and people complained when it went to 65. The reality is that SOMEONE will have to pay for all these folks living so long, and it looks as though a lot more of us will be “elderly” when we help others live longer too.

For small businesses, more concerns are also being raised about how small the takeup of the Government’s auto-enrolment scheme called NEST has been. So far with only a few months to go before Auto Enrol is mandatory NEST has only had a 4% take up… paltry. (NEST is short for the Government’s “National Employment Savings Trust”).

Read more… The value of pension and investments and the income they produce can fall as well as rise. You may get back less than you invested. The Financial Conduct Authority does not regulate advice on tax planning




Four Steps to Help With Auto Enrolment

As time rolls on and the date for the beginning of the possibly the biggest ever changes to our pensions system, I thought it was a good time to speak out to all you employers and employees out there who will be effected by this.

Make no mistake about it, employers are going to face additional cost and administration burdens under this new pension regime. However, the good news is that there is time to plan and prepare, but time is running out.

There are four basic steps that can help employers plan.

Read more… The value of pension and investments and the income they produce can fall as well as rise. You may get back less than you invested. The Financial Conduct Authority does not regulate advice on tax planning




Pension Reform And Employer Duties

Pension reform
There will be more pensioners in the future and those pensioners will live longer. This will put a massive strain on the State pension system.

To alleviate this burden, the Pensions Acts 2007 and 2008 make changes to the Basic State Pension, the State Second Pension and introduce new employer duties for pensions.

Read more… The value of pension and investments and the income they produce can fall as well as rise. You may get back less than you invested. The Financial Conduct Authority does not regulate advice on tax planning




Auto-enrolment and Personal Accounts- Are Employers All Set For 20012?

Hi everyone,

When the recently announced auto-enrolment requirements hit employers in 2012 they will have to enrol all their eligible employees into a workplace pension scheme. As it stands at the moment, if they don’t set up their own scheme they will have to use Personal Accounts instead.

Read more… The value of pension and investments and the income they produce can fall as well as rise. You may get back less than you invested. The Financial Conduct Authority does not regulate advice on tax planning




The Death of Final Salary Pensions

Hi everyone,

A recent survey by National Association of Pension Funds (By clicking on the above link, you are now departing from the regulatory site of IFS WM Ltd. Neither IFS WM Ltd nor Intrinsic Wealth Limited is responsible for the accuracy of the information contained within the site) has shown that a quarter of final salary pensions plan to close their pension scheme to existing members over the next five years. A further 1,000 are set to close to new members – around 52% of those still willing to let new employees join the scheme.

Read more… The value of pension and investments and the income they produce can fall as well as rise. You may get back less than you invested. The Financial Conduct Authority does not regulate advice on tax planning




Investment and Tax

The value of pension and investments and the income they produce can fall as well as rise. You may get back less than you invested.

The Financial Conduct Authority does not regulate advice on tax planning.

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Dates and Times

NOTE: I have been writing articles here since 2007 so please take note the date of the article, because obviously, things like laws or tax allowances etc may have changed since then.

I do try my best to keep up to date, but I'm only an humble advisor and there are hundreds of my financial articles here! Please call or email if you need to double check something. I'll gladly help.