Auto enrolment is the biggest change ever to pensions in Britain since they were first introduced in the 1670’s for Royal Navy Officers
Kinspeed held their first Sage 2014 Payroll auto enrolment event on the 14th November 2013 at their event centre in Renishaw. The event was ‘sold out’ and the attendees ranged from representatives from a local parish council, to accountants to a garden centre owner. It was a lively event with much discussion as the realisation of what is expected from auto enrolment was explained. The doom and gloom from finding out that every employer will be expected to administer the scheme AND put money into it was tempered a little by the demonstration of the new Sage 2014 auto enrolment software and the additional Pensions module. These innovative releases of software will certainly make teh job a lot easier.
The first part of the event was given by Gavin Stacey from Pure Financial Services who explained auto enrolment in plain English terms such as ‘staging date’ and ‘triennial opt ins’. This was then followed by Ian Wragg from Kinspeed showing the developments released by Sage via their 2014 payroll package and the Pensions modules which will relieve a lot headaches in the future.
Everyone who attended realised they must start thinking about auto enrolment now and there were many enquiries afterwards both to Gavin and to Kinspeed for the software upgrade.
The accountants in the room felt they were looking at a major opportunity to expand their business with clients who would prefer to not have the legislative worry, everyone else understood why the pensions had to happen, and how they were expected to administer them.
The event finished with the famous Kinspeed buffet and an informal chat. Each attendee went away with notes and a very collectable Kinspeed gift set of mug, pen and keyring.
Kinspeed will be running these seminars regularly throughout 2013 and 2014. To see the full schedule go to www.kinspeed.com/events.
As an aside Mark Smallman from Brearleys turned up sporting his Movember effort. I think you have a long way to go before you beat the master Mark ! See what you think below