Pictured above: Helen Blackburn, managing director of
Oaklands Wealth Management, is set to host a seminar on new company
pensions reform
A financial management expert will be hosting a seminar in
Birmingham which offers firms crucial advice on new company
pensions reform which is set to affect all businesses.
Helen Blackburn, managing director of Sutton Coldfield based
Oaklands Wealth Management, says 90 percent of businesses are not
prepared for the Company Pensions Reform which comes into place in
2012.
The new legislation stipulates that employers must provide all
employees with a pension.
She will be hosting a free seminar called Preparing For The
Temporary Workers and Company Pensions Reforms.
This is taking place on Thursday March 10th at the Studio, 7
Cannon Street, in Birmingham, where she will offer advice to
businesses.
The seminar will also discuss the new Temporary Agency Workers
legislation which gives employees equal rights after 12 weeks of
employment.
Mary Hendry, managing director at Key Personnel, will be
offering advice on this legislation.
The seminar will start at 8.30am and finish at 10am. Tea, coffee
and hot breakfast sandwiches will be served at 8am.
Helen said: "The two new laws will hit firms in a big way and if
they are ignored it could cost businesses thousands of pounds and a
sackful of financial and paperwork woes.
"This seminar will inform employers all they need to know about
the two pieces of legislation which will have such a huge affect on
all companies.
"And the worrying thing is 90 percent of businesses are
unprepared for it at the moment. At a previous seminar we
discovered another 90 percent are worried about the cost and had
not budgeted for it. We can also give businesses advice on
communicating the new changes to staff."
The Company Pensions Reform will mean that from 2012 businesses
will have to comply with the new pension requirements facing hefty
fines if they are not ready.
Every business must automatically enrol employees into a pension
scheme and pay pension contributions for employees who join the
pension scheme.
Businesses will have to comply with the new laws even if they
have an existing workplace pension scheme.
The real danger is that companies leave it to the last minute
unaware of the complexities, pitfalls and costs of setting up such
a scheme.
Helen will show how to plan for a cost effective scheme that
won't fall foul of the new regulations.
The Temporary Workers Legislation will come into force in
October. Temporary agency workers will get the same basic pay and
employment conditions as permanent staff doing the same job once
the agency worker has had 12 weeks of service from the same
company.
If firms get this wrong companies could be hit by litigation
from agency workers trying to benefit from an employees rights.
Terms and conditions will need to change and advice will be
given to prevent the legal challenges firms will now face.
At the breakfast seminar Mary will talk through the impact of
this legislation and how to ensure businesses are ready.
Places on the seminar are free but places are limited.
To secure a place email bridie@oaklandswealth.com or ring Bridie
on 0121 355 4455.