Small Business Saturday Blog

A Pension Solution for small businesses tackling automatic enrolment

Tuesday, December 01 at 10:11
Finance | Quick Guide | Small Business | Small Business Saturday | Small Business Saturday 2015 | Top Tips

Joanne Segars, Chief Executive of The Pensions and Lifetime Savings Association, highlights how small businesses can prepare for automatic enrolment.
Automatic enrolment will require every UK employer to put certain staff into a pension scheme and contribute towards it. We know this may seem a daunting task, which is why we've launched Pension Solution. It has been designed specifically for small employers, to take the hard work out of implementing a workplace pension scheme for the first time.Planning and preparing for automatic enrolment means thinking ahead: what you need, and whose help will make it easier to complete key tasks and estimate costs. These are the key steps I’d recommend to take when getting your small business ready for automatic enrolment:
  • Find out your staging and declaration date  using your PAYE reference from The Pension Regulator’s website
  • Go through a step by step guide to setting up, get familiar with what automatic enrolment means for you and your workplace.
  • Research and select a pension provider that suits your needs
  • Communicate and explain how automatic enrolment will affect your workforce 
Pension Solution helps with each of these steps. The online service will provide the know-how and tools you need to tackle automatic enrolment confidently and successfully. We also offer access to a free half-day face to face training course for those who prefer the human touch.We’re delighted to be supporting Small Business Saturday for the first time this year because we recognise the vital role small businesses play in the UK economy.Over 67,ooo employers have already enrolled their staff into a workplace pension, with 5.5million employees now benefitting from a workplace pension and saving for retirement. 1.8 million small and micro employer workers will now join over the next three years if they earn £10,000 or more a year, increasing the amount that is being saved in workplace pensions by around £15 billion a year, according to the DWP Automatic Enrolment evaluation report 2015.Through Pension Solution we are bringing 90 years of expertise in workplace pensions to help small businesses through automatic enrolment and beyond. It is our status as an independent not-for-profit trade organisation with an impartial view that makes us different.Automatic enrolment is our best chance of getting the nation into the habit of saving for retirement, and we must focus on making the process as straightforward as possible for small businesses like you in particular.Pension Solution does just that and we warmly invite you to join our membership on Small Business Saturday so that we can help, represent and work for you.The Pensions and Lifetime Savings Association will be supporting Small Business Saturday UK on 5th December 2015 by offering a 70% discount on the normal £49 subscription to join Pension Solution as a member. Use voucher code BIZSAT1 when joining online. Follow us on Twitter: @SolutionPension

Meet the businesses on the bus: Gough Quarters

Thursday, November 26 at 07:51
Bus Tour | Inspiration | Small Business | Small Business Saturday | Small Business Saturday 2015

The Small Business Saturday Bus Tour is now under way! The tour is supported by TalkTalk Business and we are delighted to feature the logos of fifty TalkTalk Business customers on the #SmallBizSatUK bus!Hear from Aaron Gough of Gough Quarters, a Bristol-based business featured on the bus...What is your small business?A property management and lettings agencyWhere did you get idea to start your business? Having worked for a property management company for five years, my knowledge of the market meant I could start on my own and provide a high level of customer service.What's the best thing about working for a small business?The flexibility to provide a tailor made service of what is required rather than a ‘one size fits all’ approach.What makes your business unique?We keep as much as possible ‘in house’ – as little as possible outsourcing to third parties. From reference checks to inventory’s everything is carried out by us meaning that we know our properties inside out.

Meet the Businesses on the Bus: Unflatpack

Friday, November 20 at 12:13
Bus Tour | Inspiration | Small Business Saturday 2015

What is your small business?Unflatpack takes away all the hassle from self assembly furniture by sending a friendly trained furniture assembler to do the job quickly and professionally. What began as business to consumer service in London has grown into a national business with a rapidly developing commercial arm building the in-store display furniture for some of the UK's leading furniture and undertaking office fit out and large commercial furniture installations.Where did you get idea to start your business?After moving to London in  2004 and doing some property development in which I installed a few Ikea kitchens, friends of my junior doctor wife asked if I could help them install other flatpack furniture. I quickly realised that there wasn't a service sector for something that was a widely felt pain and set about creating one.What's the best thing about working for a small business?The freedom to wear as many hats as you choose.What makes your business unique?
The Unflatpack management team combines a blend of expertise and passion for the work we do with a solid understanding of marketing and how the business fits into the wider commercial landscape. We are also committed to using technology at every staged of the business to improve the service we give our customers and help us punch above our weight

Meet the Businesses on the Bus: Recipe

Friday, November 20 at 12:08
Bus Tour | Inspiration | Small Business | Small Business Saturday | Small Business Saturday 2015

What is your small business? We are an independent advertising agency called Recipe.Where did you get idea to start your business? In 2004 we saw a gap in the market to produce cost effective TV commercials for smaller brands. For the first time they could advertise on cheaper niche tv channels due to the introduction of Freeview and the expanding Sky platform but couldn't get cheap adverts made.When did the business begin? Three of us started the agency in 2004 from one of our founders bedroom and we've been growing organically ever since. We now have two offices in the West End and employ 35 people.What's the best thing about working for a small business?We're able to adapt to ever changing market conditions faster than the competition which gives us the edge. The advertising landscape is constantly changing with the frequent introduction of disruptive technologies and we need to constantly evolve to keep ahead of the trend.What makes your business unique? We're the only agency I know that started with three founders who had no experience in the advertising industry. This has meant we've developed a less bureaucratic and more efficient way of working which our clients love and can't be found at other companies.

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