View more on these topics

The Pensions Regulator warns half a million small employers to avoid fines

A warning has been sent by The Pensions Regulator (TPR) to half a million small employers of their risk of being fined for not taking action on their workplace pension obligations.

The Department for Work and Pensions’ (DWP) ‘Workie’ character, who first made an appearance on our screens in October last year, returns and emphasises the importance of this matter.

TPR executive director for automatic enrolment Charles Counsell said that TPR is “concerned that a minority of smaller employers are leaving things too late and struggling to comply on time”. Counsell also reinforced that: “Employers should start planning 12 months before their duties start.”

Even if your business has no staff to put into a pension scheme, you will still have auto-enrolment duties and you must not ignore these in order to remain compliant and avoid fines.

For more information and guidance through the auto-enrolment process, take a look at our useful guide; Before, at and after your staging date.


Alan Cleary: MCD is nothing to be scared of

Last year was a great one for the mortgage market in many respects, and incredibly busy for those in the intermediary sector. This year looks set to be another exciting but challenging one, with regulatory and tax changes all set to make an impact in the first few months. We have known for some time […]

Ian Andrew 700x450

Nationwide sets out MCD changes

Nationwide has outlined how it will comply with the new rules introduced by the Mortgage Credit Directive. The society has confirmed it will use an updated KFI document, known as the KFI+, rather than the European Standardised Information Sheet. As the MCD requires lenders to provide the customer with a binding offer and a reflection […]


Editor’s note: Brokers will navigate the storm in 2016

How you view the prospects of the mortgage and housing markets in 2016 will depend largely on your personality type, but there is no denying the industry faces significant headwinds over the coming 12 months. Last year the buy-to-let market dominated the headlines and this is likely to continue. The sector’s strong growth caused alarm […]

FCA logo new 3 620x430

‘Rudderless’: Lack of leadership breeds uncertainty at the FCA

Fears are rising that the FCA has been left “rudderless” by a protracted search for new leadership as the regulator runs out of time to finalise its 2016/17 plans. Chancellor George Osborne revealed last week, six months after he announced Martin Wheatley’s contract would not be renewed, that acting chief executive Tracey McDermott would not seek […]


News and expert analysis straight to your inbox

Sign up

Why register with Mortgage Strategy?

Mortgage Strategy continues to be the market-leading B2B mortgage publication in the UK, and provides trusted, independent insight with the aim of helping, promoting and analysing the latest developments for mortgage professionals.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Mortgage Strategy Events
Be the first to hear about our industry leading conferences, awards, webinars and more.

Research and insight
Take part in and see the results of Mortgage Strategy's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now