Insights

In light of new guidelines from the UK Government, the Northern Ireland Executive, Scottish Government and Welsh Government in response to the spread of COVID-19, we would like to reassure all clients and partners of OptEnrol that our operations continue to remain unaffected.  All OptEnrol colleagues have been working remotely since March 2020 with a secure infrastructure in place.  You will not experience any […]

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The UK Government’s Coronavirus Job Retention Scheme is currently tapering down and will close on 31 October 2020. Since the beginning of August, employers have had to pay for their own pension contributions and National Insurance contributions for all staff.   Employers will still be able to claim 70% of staff wages through the Coronavirus Job Retention Scheme in September, and […]

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The Pensions Regulator’s updated guidance on auto-enrolment and defined contribution schemes is likely to lead to large numbers of mistakes being made, some experts predict, as employers have to grapple with the bifurcated system resulting from the slow death of furlough. The guidance, published on 15 June, sets out the terms by which employer contributions must […]

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We would like to reassure all clients and partners of OptEnrol that with the appearance of the novel coronavirus (COVID-19) and following the guidelines issued by public health officials, we are fully prepared and able to continue to provide our full service during this time. All OptEnrol colleagues are able to work remotely with a […]

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Did you know that over 99% of savers who have been auto enrolled into a scheme that offers a range of funds don’t make any active choices and just stick with their employers’ default fund? Why? Is it because it’s easier or that we neither understand nor have the time to investigate the options and […]

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A recent report by the Department for Work and Pensions (DWP) discovered that many employers are taking the minimum steps to comply with auto-enrolment rules and are turning to IFAs and accountants to outsource their pension duties. This latest report found that employers who were new to the market were seeking just enough information to […]

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It’s been 6 years since the introduction of automatic enrolment and in April there will be a second rise in the minimum contribution employers will be required to provide. As a result, companies and advisers are reconsidering their providers and as time has passed and experience grown, the cracks are beginning to show, and other […]

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With contributions set to increase significantly in April 2019, might we be about to see an employee stampede for the exit? One that would undo much of the good work to date in getting us all saving for our retirement? The increase is likely to be a bridge too far for many employees as they […]

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Well, that’s Christmas and Hogmanay out of the way. We watched the Edinburgh fireworks from the office balcony (it’s why we moved near the Castle, well amongst other things, there is a pub underneath the office). It was a relaxing break after a busy year spent with three twenty-something offspring able to join our customary […]

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We’re now on the plateau with workplace pensions. After its introduction in 2012 all businesses then existing and all the ones created up to October 2017 have by now begun their obligations. Since then newly established businesses have immediate obligations, though they can still use postponement for up to 3 months. But is that it […]

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