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Auto enrolment regulations you need to know | Sable International

Oct 23, 2015
SMEs in the UK are facing fresh bureaucratic challenges to keep on top of many new rules and regulations. First up is auto-enrolment, in which every company with at least one employee must enrol those who are eligible into a workplace pension scheme, and contribute towards it.

“Small firms that do not have payroll departments will struggle the most, while the complexity of the process also means that it will be easy to break the rules by accident and incur hefty fines. There is arguably a certain level of unfairness in this for small businesses that don’t have the capacity to deal with these changes.”

- Mike Abbott, Head of Sable International's wealth division

Read the full article on The Telegraph.

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Sable International is a trading name of 1st Contact Money Limited (company number 07070528), registered in England and Wales. We are authorised and regulated by the Financial Conduct Authority in the UK (FCA no. 517570), the Financial Services Conduct Authority in South Africa (1st Contact Money [PTY] Ltd - FSP no. 41900) and hold an Australian Financial Services Licence issued by ASIC to deal in foreign exchange (1st Contact Group - AFS Licence number 335 126).

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