Brace yourself for the ‘Capacity’ Storm
With the recent storms now easing, our attentions should now be directed to the next storm, the pension provider ‘capacity’ storm. Many of the organisations that have already passed through their auto enrolment staging date have stated that in hindsight, they should have started their planning earlier. These companies typically thought that auto enrolment was […]
Value for Money in Workplace Pensions – October 2013
Around five million people are currently saving into Defined Contribution (DC) pension schemes. This figure is expected to increase by up to nine million savers over the next five years, following the Government’s introduction of auto enrolment in October 2012. In view of the significant increase in the number of people who will use an […]
The Spiralling Costs of Private Healthcare – September 2013
It is a known fact that ‘Medical Inflation’, which is the average annual increase in the cost of delivering medical care and treatment, currently sits way above general inflation. These increases are one of the primary reasons for the annual rise in premiums for private medical insurance. In the past, employers have generally been willing […]
Wingate Benefit Solutions shorlisted at 2013 Cover Excellence Awards
Wingate Benefit Solutions are delighted to announce that we have been shortlisted for ‘Employee Benefits Intermediary of the Year’ at the upcoming Cover excellence awards 2013. As the title would suggest, the Cover awards are sponsored by Cover Magazine which is a specialist employee benefit and protection publication. The award was open to all intermediaries […]
Are UK employees saving enough?
According to research recently carried out by Scottish Widows, the number of employees saving adequately for retirement has hit an all time low, yet aspirations for pension income has risen. *The annual Scottish Widows pensions report, which surveyed 5,200 Britons revealed that less than half (45%) of those who could and should be preparing financially […]
Workplace Pension Reforms, Are you Ready?
With the new Workplace Pension Reform legislation well into its first year, many employers are still unsure of their obligations, when these will affect them and what this will actually mean from a practical perspective to ensure compliance with the regulations. The first step is to consider and prepare an initial planning and design strategy […]
Majority of SME’s lack business protection
Lastest research from leading protection provider Legal & General has found that the majority of small and medium sized enterprises (SMEs) have no key worker protection in place, despite the death of a business owner emerging as the most disruptive potential scenario a business can face. An investigation into the protection habits of 500 UK businesses commissioned by […]
Non compliance with Auto Enrolment will not be tolerated
The Pensions Regulator (TPR) is expanding its compliance unit to enable it to ‘proactively investigate’ companies and industries with a high risk of failure to comply with auto-enrolment duties. TPR has confirmed that if there were reasonable grounds to investigate, they will use their power to audit companies’ records going back six years. The regulator would insist any […]
Employee Benefits Research – June 2013
Employee Benefits Magazine has recently finalized its annual Benefits research which surveyed UK-based employers about their benefit strategies, provision and practices. Employee Benefits Magazine has carried out this research for more than a decade. The last ten years has seen a shift in the popularity in certain benefits as Employers have made more strategic decisions […]
People just aren’t saving enough
A recent report published by leading insurer Scottish Widows has found that 1 in 5 Britons are saving nothing at all for their retirement and over 1 in 3 are not saving enough to provide them with the income that they are expecting. Although the amount that people are saving in their pensions has fallen over the […]
