Unlike the BHS pension scandal, Mothercare is at least trying to find a solution for their staff before they go under. Where should SME owners start when looking for their own business pension plans?
Pensions are something that we typically think about later on in life, but every business owner should prioritise it. There are a number of different pension vehicles that business owners can consider in retirement and we’ve put together this guide to help you navigate your options.
As Paul Goodman, chairman of the National Association of Commercial Finance Brokers, told Real Business: “A hung Parliament was the last thing the UK needed, but that’s exactly what it got” – and it’s caused uncertainty around tax policies.
While Hunterlodge founder Rob Hunter is in favour of making sure staff have enough for retirement, small business auto-enrolment has been testing for him.
As we approach 2017 and enter the busiest period for auto-enrolment, it seems that smaller employers are, for the most part, smoothly adapting to providing workplace pensions – but there are some common challenges all firms will go up against.
Turkey goods business Bernard Matthews has been sold by existing private equity backer Rutland Partners through a deal which sees 2 Sisters Food Group become its new owner.
When it comes to auto-enrolment, Martha Lane Fox’s karaoke firm Lucky Voice has found the right pitch in order to get workplace pensions on the right track.
For Tara Petters, the office manager of STG Fabrications, getting the right payroll software in place has been key for easing the implementing of auto-enrolment.
Ahead of the game with his compliance obligations, small business owner Jeremy Stern is now dealing with the challenges of ensuring the best deal for his staff.
When it comes to auto-enrolment, niche recruitment agency BeecherMadden has already staged – and managed the process on its own terms.
Growing British businesses have a lot to think about, whether that’s cash flow, investment, recruitment, marketing or expanding. But there’s also a pressing legal matter that needs to be prioritised, which comes in the form of auto-enrolment and the workplace pension.
As one of the most important policy changes in recent years, auto-enrolment and the workplace pensions scheme should now be a focus for every employer in the country. Make sure you don’t leave it too late by having a look at our new digital guide, which heard the stories of four SMEs.