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Will-lessenrolment is merchantry as usual with vast majority of staff now saving - IAB | International Association of Bookkeepers +44 (0)1732 897750 Blog Contact Us Log In 0 was successfully widow to your cart. Bookkeeping Qualifications Payroll Qualifications Finance Qualifications Join the IAB Bookkeepingas aMerchantryFind a Bookkeeper Buy Study Books Find a Centre | Bookkeeping Qualifications Payroll Qualifications Finance Qualifications Join the IAB Bookkeepingas aMerchantryFind a Bookkeeper Buy Study Books Find a Centre |Will-lessenrolment is merchantry as usual with vast majority of staff now saving HomeLatest News will-less enrolment The Pensions RegulatorWill-lessenrolment is merchantry as usual with vast majority of staff now saving September 25th, 2018 By Kelly Orford No comments yet The vast majority of staff wideness the UK are now saving for their retirement thanks to the success of will-less enrolment. A report published by The Pensions Regulator (TPR) shows workplace saving continues to rise with 84% of employees now saving into a workplace pension, an increase from 77% last year. TPR’s annual commentary and wringer report (PDF, 1693kb, 41 pages), moreover shows that as will-less enrolment reaches a ‘steady state’, virtually 100,000 new businesses each year will be putting staff into a pension as soon as they employ them. The publication, which looks at the impact of will-less enrolment and upcoming trends and challenges, shows compliance with the law remains upper among employers, who have unfurled to meet their ongoing duties and do the right thing for their staff. TPR’s Director ofWill-lessEnrolment, Darren Ryder, said: “[The] report then demonstrates how far we’ve come in making workplace saving the social norm thanks to the success of will-less enrolment. “Employers nationwide have successfully complied with the law to requite their staff the opportunity to start saving for their retirement, often for the first time. “Our role now is to ensure current and new employers protract to meet their duties, including re-enrolment and next year’s remoter increase to minimum contributions, so that the culture of saving remains strong. We will protract to act if employers goof to comply.” Other report highlights include: The total value saved into a pension by eligible staff in 2017 was £90.3 billion, up from £86 billion last year. 98% of schemes used for will-less enrolment are specified contribution (DC) schemes compared to 97% last year. Although the number of compliance notices issued to employers has risen from nearly 34,000 last year to nearly 61,000, the majority of employers comply when they are reminded of their duties. We’re monitoring employers to ensure they’re complying with the new increased contribution rates which started in April 2018. Our initial wringer shows very upper compliance. The majority of employers spend less than two hours a month on their ongoing duties and find them easier than they expected. The forfeit of merchantry tutors for employers with between one and four staff has fallen from £42 to £18 since the previous survey.Virtuallytwo thirds of employers do not use external advisers.   Tweet   Leave A Comment Cancel reply Comment* Name* Email* Website Categories will-less enrolment HMRC Latest News Tax The Pensions Regulator Recent PostsRevenue promotes online work-related expenses claimsOctober 1st, 2018HMRC clarifies VAT rules on domestic service charges for landlordsOctober 1st, 2018HMRC reminds self-employed of imminent deadlineOctober 1st, 2018Archives October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017 September 2017 August 2017 July 2017 June 2017 May 2017 My Tweets 7 mins ago International Association of Bookkeepers @IABinfo Our #IABAwards recurrence is on 6 December at #westminsterpalace. 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Get your FREE tickets now!… t.co/PwRhFToF6W Retweeted by International Association of Bookkeepers Reply Retweet 1 Like 0 Latest News 1 Oct Revenue promotes online work-related expenses claimsHMRC is urging millions of employees such as nurses, hairdressers and ...Read increasingly 1 Oct HMRC clarifies VAT rules on domestic service charges for landlordsHMRC has published updated guidance for property management companies and ...Read increasingly 1 Oct HMRC reminds self-employed of imminent deadlineSelf-employed people who are preparing to submit a Self Assessment return for ...Read increasingly 1 Oct Late filing of yearly finance up scrutinizingly a quarter since 2014Figures from Companies House show the number of private and public limited ...Read increasingly 1 Oct Chancellor announces stage for 2018 Autumn BudgetPhilip Hammond has spoken the stage of this year’s Autumn Budget – Monday ...Read increasingly 25 Sep Milestone for workplace pensions regulation as TPR launches new approachAn increasing number of workplace pension schemes will come under greater ...Read increasingly 25 Sep Government Gateway replacement: services that have movedServices on the Government Gateway are gradually stuff moved to replacement ...Read increasingly 25 SepWill-lessenrolment is merchantry as usual with vast majority of staff now savingThe vast majority of staff wideness the UK are now saving for their retirement ...Read increasingly 25 SepTutoringlevy cuts number of training schemesThe first year since the introduction of the tutoring levy has seen the ...Read increasingly 25 Sep New crackdown on reckless directorsThe UK government is to printing superiority with plans to safeguard workers, pensions ...Read increasingly Information Pages > About Us > Latest News > Events > Resources > Become a Centre > IAB Awards > Cookie Policy > Privacy Policy > Terms and Conditions > Acceptable Use Policy > Overseas Centre Area > Blog > Certificate Validation > Site Map > Student Area > Member Area > Centre Area > IAAP Contacting Us Registered Office: Suite 5, 20 Churchill Square, Kings Hill, West Malling, Kent, ME19 4YU, United Kingdom Registered No. 1119378 (England) Limited by Guarantee Tel: +44 (0)1732 897750 Fax: +44 (0)1732 897751 © 2018 International Association of Bookkeepers 2018. 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