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Software firms pledge to meet deadline

Software companies designing products to help firms comply with auto-enrolment rules have told The Pensions Regulator they will be ready for the start of the scheme later this year.

In December, TPR executive director for employer compliance Charles Counsell wrote an open letter to software companies, warning that although some employers had started looking for suppliers, many had not had enough information about products on offer.

Giving evidence to the work and pensions select committee last week, he said firms responded to the letter by telling him they will be approaching employers in the early part of 2012.

He said: “We are relatively confident they will all have products ready in time but it is really crucial they get out and engage with their customers about them and when they will be ready. From an employer’s perspective, you cannot leave this to the last minute.”

The software will help firms meet the admin burden placed on them by auto-enrolment, such as ensuring correct employee and employer contributions are paid.
Counsell also urged pension providers to make clear to firms how their auto-enrolment systems will work.


RSM Tenon chairman and chief exec step down

RSM Tenon chairman Bob Morton and chief executive officer Andy Raynor have both stepped down from their roles at the firm. Raynor has also stepped down from the board of the firm while Morton will remain as non-executive director. Adrian Martin, who is deputy chairman and senior independent director at the firm, has been appointed […]

Leading Scottish surveyor firm ceases trading

One of Scotland’s biggest firms of surveyors has ceased trading after directors took the decision to place the company into liquidation. Barr Brady Chartered Surveyors had suffered losses in recent years, according to liquidator Campbell Dallas, and the firm’s seven directors decided that the market would not pick up enough for it to trade profitably […]

On average

We need stability to restore the faith of the average customer


Britain's “Forgotten Army”: The collapse in self-employed pension membership – and what to do about it

Pension scheme membership among employees has risen by more than five million in the past four years because of the policy of automatic enrolment into workplace pensions. But Britain’s army of 4.4 million self-employed people, who account for one in seven of the workforce, are not covered by automatic enrolment. Pension coverage among the self-employed […]


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