FinTech Magazine’s Post

Retirement Plan SaaS solutions ensure fiduciary peace of mind with automated compliance, robust security, and transparent reporting. Want to optimize your retirement plan management? Learn how PlanAdvisor can empower your business: https://lnkd.in/gaG8evDV #RetirementPlanning #SaaSAdvantages

When is it a good time to start a SSAS pension? . I’m always being asked this question, and there’s a few things to consider. . First, though, why are you starting a SSAS pension? Do you have a plan that suggests it would be the right thing for you? . Well let’s just assume for now, that we’ve had that conversation. . Does your business qualify? It needs to be a business that can demonstrate that it’s operational. This is what HMRC will be looking at. . A SSAS is an occupational pension scheme for your business. It’s not like setting up a personal pension. . It takes approx. three months for HMRC to approve the SSAS, but it’s completely up to them how long they take. You can’t make them hurry. . Then you open a bank account. That’s another couple of weeks. Now you have an operational SSAS. But does it have any funds in it? . Well, you can make contributions within your allowances of course and that doesn’t take long. But if you’re transferring in from other pension schemes then there are more processes. . The transfer processes involve running payroll from your business and making contributions into the new SSAS. This is to prove your ‘employment link’ with your business and it takes another three months. . Now you might have funds in your SSAS but it’s taken 7-9 months to get there. . So, when is it a good time to start a SSAS pension? . Well definitely not when you’ve spotted a project that you need to fund in the next couple of months. You need to think further ahead. . Send me a direct message if you’d like to speak to me about a SSAS pension with Retirement Capital and see whether it’s right for you. . #ssaspensions #propertyinvestment #networking

Learn how application retirement can benefit small businesses in our essential guide for I&O leaders. Maximize productivity and cut costs with expert insights. https://zurl.co/vtCy #SmallBusinessSolutions #ApplicationRetirement #IandOLeaders #CostCuttingTips #ExpertInsights

Discover the latest insights on Microsoft's updated CSP Offer Retirement Guide. This is a game-changer for all partners! Stay ahead of the curve by understanding its implications for your business. #MicrosoftUpdates #CSPRetirementGuide #TechNews #MicrosoftPartners #BusinessStrategy

How to become the best digital pension provider?   The WTP - Large IT investments, complex projects. It’s a wrap! October 11 we had our first Accenture “WTP” day with representatives from all major pension providers. Who started projects to be able to cope with the WTP. APG stated to spend 250 to 300 million euro, others spend proportional amounts. How will these large WTP investments benefit the pension participants?   The Nordics have done similar reforms already. The Nordics are further in the transition from DB to DC. And some Nordic's Pension providers combined regulatory compliance with digitizing their business. In the end they delivered within timelines and budget, realizing large business benefits. What do our Nordic clients see as the key success factors: 1)     Create a Blueprint and realistic roadmap 2)     Prepare for the unexpected 3)     Review the backlog based on business value 4)     Share risks and benefits with your partner 5)     Ensure competency and capacity is available   Focus on the employee, communication, and IT operations. Participant communication may increase with a factor five. Employees in pension companies will need to deal with more and different questions. And participants will expect real-time, reliable and available pension information. During our breakout sessions we presented possibilities to address the impact on the employee, new communication needs, and how to ensure your IT landscape is reliable and secure.   What’s next? Participants liked the fresh perspective on how to approach the WTP challenge. Missed the event and interested to know more? Let us know and Patricia Eijgelaar or me will be in touch! #Pensions, #accenture , #transformation, #digitalisation

Helping clients identify tasks that can be automated or delegated can free them up to focus on what matters to them. David Buck on how to "outsource retirement." #financialplanning #retirementplanning https://lnkd.in/e-8RvT_Y

Did you know that when you are signed up for a pension scheme with Octagon you can check your statement at your own convenience? How? With Octagon's Pension Administration System (OPAS), you digital companion that is designed to make your life simpler. #DidYouKnow #OPAS #pensionadministration

Sage1000 ... What's next? With 2024 fast approaching, it's time to create a plan for your Sage1000 retirement. Five Go Live are here to discuss how we can help you with your next steps and create a goal plan for the future of your Sage software. If you are one of our clients, we will have already been in contact and some of you have already made plans to move forward with alternative Sage products! Yay, exciting! If you haven't planned your next steps yet, or are looking for a Sage business partner to help you, please contact us and we will be happy to assist. If you wish to enjoy Sage1000 access with FGL beyond the retirement date until 2029, you will need to let us know in advance for this to be arranged. Please make sure to contact us with plenty of time before the sunsetting date if this is your planned move so you aren't caught short. Contact . Discuss . Plan . Move Five Go Live are here to help during this time with any questions or concerns #sage1000 #fivegolive #fgl #sage #accountingsoftware #sage1000retirement #future

When is it a good time to start a SSAS pension? I’m always being asked this question, and there’s a few things to consider. First, though, why are you starting a SSAS pension? Do you have a plan that suggests it would be the right thing for you? Well let’s just assume for now, that we’ve had that conversation. Does your business qualify? It needs to be a business that can demonstrate that it’s operational. This is what HMRC will be looking at. A SSAS is an occupational pension scheme for your business. It’s not like setting up a personal pension. It takes approx. three months for HMRC to approve the SSAS, but it’s completely up to them how long they take. You can’t make them hurry. Then you open a bank account. That’s another couple of weeks. Now you have an operational SSAS. But does it have any funds in it? Well, you can make contributions within your allowances of course and that doesn’t take long. But if you’re transferring in from other pension schemes then there are more processes. The transfer processes involve running payroll from your business and making contributions into the new SSAS. This is to prove your ‘employment link’ with your business and it takes another three months. Now you might have funds in your SSAS but it’s taken 7-9 months to get there. So, when is it a good time to start a SSAS pension? Well definitely not when you’ve spotted a project that you need to fund in the next couple of months. You need to think further ahead. Send me a direct message if you’d like to speak to me about a SSAS pension with Retirement Capital and see whether it’s right for you. #ssaspensions #propertyinvestment #networking