The Chancellor Headlines – May 2018

29 May 2018

By Chancellor

May has been bursting with news from the financial world, and Chancellor has been involved in some very exciting events.

What better way to tell you about it than with another edition of The Chancellor Headlines?

A successful seminar for businesses selling up

Our collective knowledge of the financial world has proven invaluable for businesses for decades. It’s for this reason that David Heaton, one of our Chartered Financial Planners, was invited to take part in a seminar, organised by NatWest Bank, called Thinking of Selling Your Business – What You Need to Know.

Aimed at anyone looking to sell their business in the short-, medium- or long-term, David’s role as a speaker revolved around the discussion of Inheritance Tax Planning and what you can do with the proceeds of your sale.

Also speaking during the day-long event was Ian Settle, Director of Commercial Banking at NatWest Bank, Neil Whittingham, Partner at NR Barton Accountants, and Louise Hebborn, Partner in Commercial & Corporate Law for Stephensons Solicitors LLP.

We were happy to share our knowledge with business owners and can’t wait to take part in similar events in the future.

Showing our gratitude to inspiring women

The Inspire Women Awards is one of Bolton’s most prestigious award ceremonies, hosting around 500 people in the packed Macron Stadium for an evening of honours.

We were proud to sponsor the Transformational Woman of the Year award, which was picked up by Elizabeth Morley for her invaluable work with vulnerable mothers and children in the local community

This was an evening honouring the hard work of many women in charity, social care, business, sports and industry – and we couldn’t be happier to play a small part in their celebrations.

Click here to find out more about the awards

Companies are having their assets seized for failing in their Workplace Pension duties

The Pensions Regulator (TPR) is getting tough on employers who fail to meet automatic enrolment duties on workplace pensions and refuse to pay workplace pension fines.

TPR will now appoint High Court Enforcement Officers (HCEOs) to enforce court orders in England and Wales and the equivalent in Scotland and Northern Ireland on employers who refuse or fail to comply.

TPR’s Director of Automatic Enrolment (AE) Darren Ryder, said:

‘Automatic enrolment is not an option, it’s the law. Those who break the law by denying their staff the pensions they are entitled to should expect to be punished – and must pay any fines they are given.

‘AE has been a huge success thanks to the vast majority of employers who do exactly what they should, but a tiny minority not only ignore their automatic enrolment duties but fail to pay their fines, even after the courts have ordered them to.

‘The use of HCEOs is a last resort for us. Unfortunately the behaviour of a tiny minority means it may be necessary.’