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Positive Solutions Teams Up With Scottish Widows to Run Pensions Reform Seminars
19/11/2010
Printable version
Printable version
Positive Solutions is linking up with Scottish Widows to bring its IFA Partners and their professional connections up to speed with the latest developments in the implementation of the Government’s pension reform proposals.
Recent confirmation by the Government, following an independent review, that automatic enrolment and NEST will go ahead from 1 October 2012 has finalised the timetable and confirmed how automatic enrolment will work. Focusing on the new employer responsibilities the seminars will give IFA Partners, and their accountant and lawyer professional connections, all the information they need to help their employer clients plan how to fulfil their legislative duties.
Positive Solutions expects the vast majority of small and medium sized companies will have to review their pension arrangements in light of the legislation. The seminars will outline:
• employer responsibilities, as set out in the legislation
• how automatic enrolment will work
• when employers will have to implement it, according to the staging timetable
• what types of pension schemes they might consider
• penalties for non-compliance
Positive Solutions says the policing scheme for making sure employers comply with the new legislation is expected to be stricter than the current Stakeholder basis. There is a greater chance non-compliance will be detected at an early stage with escalating fines for serious and persistent breaches. Positive Solutions believes this makes it even more important that employers begin their planning process early.
Jonathan Morley, Director of Positive Partnerships at Positive Solutions, says:
“The countdown to pensions reform is on. Some employers may have delayed taking action in the hope a change of Government would lead to the proposals being scrapped but we now know that all apart from single person employers will have to comply with the legislation.
“We expect the vast majority of SMEs will now have to review their pension schemes and begin to prepare for their new responsibilities. And many of them will turn to their accountants or financial advisers for help. These seminars will give our Partners and their professional connections the expertise they need to help employer clients make the best possible transition to the new pensions regime.”
Dates and venues:
22 November – Birmingham Marriott Hotel
23 November – Bristol Marriott Hotel
24 November – Leeds Marriott Hotel
25 November – London Marriott Grosvenor Square Hotel
30 November – Renaissance Manchester Hotel
-Ends-
Further information
Margaret Robertson
PR Manager
AEGON
0131 549 6798 / 07740 897527
margaret.robertson@aegon.co.uk
Notes to Editor
• Positive Solutions is a leading national IFA with over 1400 registered individuals. It is owned by AEGON UK.
• In the UK AEGON offers pensions, life insurance, asset management and financial advice to around two million customers. AEGON UK has assets under administration of £53.6 billion and employs approximately 4,000 staff.
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Recent confirmation by the Government, following an independent review, that automatic enrolment and NEST will go ahead from 1 October 2012 has finalised the timetable and confirmed how automatic enrolment will work. Focusing on the new employer responsibilities the seminars will give IFA Partners, and their accountant and lawyer professional connections, all the information they need to help their employer clients plan how to fulfil their legislative duties.
Positive Solutions expects the vast majority of small and medium sized companies will have to review their pension arrangements in light of the legislation. The seminars will outline:
• employer responsibilities, as set out in the legislation
• how automatic enrolment will work
• when employers will have to implement it, according to the staging timetable
• what types of pension schemes they might consider
• penalties for non-compliance
Positive Solutions says the policing scheme for making sure employers comply with the new legislation is expected to be stricter than the current Stakeholder basis. There is a greater chance non-compliance will be detected at an early stage with escalating fines for serious and persistent breaches. Positive Solutions believes this makes it even more important that employers begin their planning process early.
Jonathan Morley, Director of Positive Partnerships at Positive Solutions, says:
“The countdown to pensions reform is on. Some employers may have delayed taking action in the hope a change of Government would lead to the proposals being scrapped but we now know that all apart from single person employers will have to comply with the legislation.
“We expect the vast majority of SMEs will now have to review their pension schemes and begin to prepare for their new responsibilities. And many of them will turn to their accountants or financial advisers for help. These seminars will give our Partners and their professional connections the expertise they need to help employer clients make the best possible transition to the new pensions regime.”
Dates and venues:
22 November – Birmingham Marriott Hotel
23 November – Bristol Marriott Hotel
24 November – Leeds Marriott Hotel
25 November – London Marriott Grosvenor Square Hotel
30 November – Renaissance Manchester Hotel
-Ends-
Further information
Margaret Robertson
PR Manager
AEGON
0131 549 6798 / 07740 897527
margaret.robertson@aegon.co.uk
Notes to Editor
• Positive Solutions is a leading national IFA with over 1400 registered individuals. It is owned by AEGON UK.
• In the UK AEGON offers pensions, life insurance, asset management and financial advice to around two million customers. AEGON UK has assets under administration of £53.6 billion and employs approximately 4,000 staff.