Business Owners – How secure is the future of your business?
The outbreak of Coronavirus has left many people asking about life assurance and whether their existing cover is sufficient in the event of the unthinkable happening. More often than not there are no issues with cover being satisfactory, but we would always recommend that if you have concerns, you should ask your adviser or insurer […]
How Long Is A Piece Of String?
How Long Is A Piece Of String? Typically, the main queries I’m asked as a Pension Adviser from members of Workplace Pensions tend to revolve around the level of income that they may need in retirement. How much is enough? What is the average? What do others do? These are the commonly asked questions and […]
Pension Contributions – What Basis?
Pension Contributions – What Basis? Automatic Enrolment legislation has now been around for 7-8 years and apart from the big FTSE companies and large SME’s who were likely to have already had established pension arrangements, I don’t think it’s unfair to say that ‘some’ pension arrangements may have been set up a little hastily with […]
A Goal Without A Plan Is Just A Wish
A goal without a plan is just a wish We all dream, don’t we? Sometimes these dreams are good dreams, sometimes they are not so good. We tend to wake after a dream with thoughts on what has just happened, asking ourselves, what the hell does that mean and often, how can I make that […]
Benefits of Communication
The Benefits of Communicating with Employees Founded in 1998, Group Risk Development (GRiD) aims to promote and enhance the status and uptake of corporate group protection benefits on behalf of its members within the UK insurance, reinsurance and adviser markets. GRiD has conducted regular employer research since 2009 and the purpose of the 2019 survey […]
Moving on up
It’s not unreasonable to say that Automatic Enrolment has been a success with findings from the 2018 Department of Work and Pensions (DWP) evaluation report on the topic showing: As at June 2018, rates of opt-out / stopping contributions into a pension after the opt-out period have remained consistent with levels before the contribution increase […]
What’s that coming over the hill…
In February 2018 I wrote a blog ‘Pension Dashboard – Mind the Elephant in the Room’ when it seemed at the time like the dashboard would be only a heart beat away. To recap, the purpose of the dashboard was to allow the consumer to see the value of all pensions related to them in […]
KISS
Keep It Simple Stupid Let’s be honest, pensions are not the most exciting subject in the world but we probably all acknowledge that they are very important. I have been to many a party, night out etc and have been chatting to people about everything and nothing when the old, ‘What do you do for […]
The Pension Inspectors are coming!!
In a recent update published by The Pensions Regulator (TPR), they confirm that between April and June 2018 27,219 compliance notices were issued against employers for breaching automatic enrolment rules. Let that sink in for a moment…27,219 compliance notices in a 3-month period! A compliance notice is issued by TPR to set out the steps […]
Employers, have you got your finger on the pulse?
Throughout my time in the Employee Benefits industry, I have been asked to carry out countless reviews on the structure of some Group Risk policies (typically Group Life Assurance and Group Income Protection) with a view to providing feedback on potential issues or risks that may exist for the Employer. On the whole, I can […]
