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SMEs warned about cyber threats

Small and medium-sized businesses (SMEs) should do more to protect themselves against online fraud and IT security risks, a panel of experts has said.

Experts from government and industry have created a simple action plan for SMEs as part of the Cyber Streetwise campaign, which raises awareness about the importance of cyber security to SMEs and consumers.

The experts recommend...

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Short service pension refunds to be abolished

People who change jobs regularly will no longer have to cash in or move their workplace pension, under new government proposals.

Currently members of workplace defined contribution (DC) pension schemes are able to cash in their contributions if they have been working for an employer for more than 3 months but less than 2 years. This is known as a short service refund.

Taking a...

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Small firms want auto-enrolment delay

More than 9 out of 10 employers who have not yet started automatically enrolling employees into a workplace pension would like to delay until the government has confirmed final details of the upcoming pension reforms.

Employers must start enrolling eligible employees into a workplace pension on a specified date known as their staging date. More than a million businesses with fewer than...

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Pension charge cap confirmed

Pension charges will be capped at 0.75% per year from April 2015, the Department for Work and Pensions has confirmed.

Under the plans first announced in March 2014, the cap will be on all charges to manage and invest the default funds of defined contribution (DC) schemes.

Under the proposals:

  • a 0.75% charge cap will be introduced on DC pension scheme charges
  • ...
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SME owners not identifying as entrepreneurs

Small business owners are unlikely to consider themselves entrepreneurs, research by AXA has found.

Less than half of individuals questioned identified with the title 'entrepreneur' and a similar number rejected the label altogether.

However, the research found differences between age, gender and region:

  • 82% of small business owners under 24 claim to be entrepreneurs...
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