General News

Average absence levels….

The Office for National Statistics has found that the average absence level in the UK workforce is now 4.1 days per year.  The lowest level since records began in 1993.

Is the workforce healthier or does this show presenteeism is on the rise? Do employees feel the need to go to work when they are ill?  Are employees concerned about their job security after Brexit and possible redundancies?…

Supreme Courts decision that employment tribunal fees were unlawful…

It has been a year since the Supreme Courts decision that employment tribunal fees were unlawful.  According to recent figures published by the Ministry of Justice, the number of claims brought by a single employee grew by 11890 in the first quarter of 2018, compared to the previous year.

2018 MENTA Business Show

Treasure Chest winner - Keely Taylor

Treasure Chest winner – Keely Taylor

It was great to meet both existing and new faces at the 2018 MENTA business show at The Apex Bury St Edmunds.

Congratulations to Keely Taylor of Taylor-made Trees for winning our Treasure Chest of chocolate coins.

West Suffolk WiRE Networking Meeting – Thursday 18th October @ 09:30

The next WEST SUFFOLK WiRE Networking Meeting will be held on Thursday 18th October 2018 starting at 09:30 – ‘Helping and supporting women in local businesses in and around West Suffolk’.

 

It’s time to book your place at our next WiRE network meeting and we would love to see you again! You can reply to this email to book your place and if you know anyone who may be interested in our meetings, please feel free to forward this invitation.

 

The meeting will be held on Thursday 18th October 2018 starting at 09:30am at: The Old Forge, Samples Farm, Ashfield Green, Wickhambrook CB8 8UZ Just look for the wind turbine and the Samples Farm sign and turn down the drive to find plenty of parking.

 

We will start the meeting with an introduction to Women in Rural Enterprise and why we do what we do. This will be followed by our speaker this month who is Kevin Kent from Blackwater Wealth Management Ltd.

 

Kevin has spent many years within the financial industry and has helped his clients make the most of their money and realise their financial goals.   We are sure he will prove to be an entertaining and informative speaker and will be telling us all about how important financial planning is for our retirement and, regardless of whether you are a Director or sole trader, he will outline the financial benefits to both you and your business. He will also give an insight in to the financial markets and how they impact on the return on investments.

 

There will also be time for refreshments, talk to other attendees, make connections, seek advice, network with like-minded people and, most importantly, promote your business. Make sure you bring plenty of business cards, flyers or whatever promotional material you have that you can put out for people to help themselves to or we are happy to distribute on your behalf.

 

There is the opportunity to stand up and introduce your business to the group, although this is optional.  There will be an opportunity to ask questions and seek support from our speaker and attendees before we close the meeting.

 

The cost is £5 for WiRE members and £8 for non-members, to cover the cost of refreshments, any surplus will go to our nominated charity MyWiSH.

 

Payment can be made in advance via BACS to The Rainbird Partnership, sort code 60-10-21, account number 90168917 or in cash on the day.

 

We would also like to draw your attention to our final meeting of the year, on Tuesday 27 November, which will be a mini Trade Fair.  Companies can request a stand in order to showcase their products and services to others for a small fee or, alternatively, just attend on the day to meet and network with other business owners.  Further details of this event will be advertised in due course – the trade fair last year was hugely successful and lots of fun!

Fines from the Pensions Regulator

 

As an employer you are responsible for automatically enrolling staff who meet specific criteria in to a pension scheme and to contribute towards it.
This is a mandatory requirement and, if you don’t comply with your legal duties, you may receive an enforcement action from the Pensions Regulator. This could be either a compliance notice or a penalty fine. An initial fixed fine of £400 could be imposed, or, if this is ignored, you could face a varying daily escalating penalty from £50 to £10,000.
If you enrol staff late into a pension scheme, you will have to pay any missed employer contributions from the date the staff met the age and earnings criteria. You may also have to pay all of their contributions too.
If your fine isn’t paid debt recovery may be made through the courts. In addition, wilfully failing to put eligible staff into a pension scheme is a criminal offence, punishable by a maximum of 2 years imprisonment.
If you are struggling to understand or meet your legal obligations we are here to help. Simply contact us as soon as possible. We can support you with pensions automatic enrolment and ensure you are, and stay, compliant.

If you would like to find out more about our services or team, please get in touch.

 

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