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Setting up a business involves complying with a range of legal requirements. Find out which ones apply to you and your new enterprise.

Every business needs to be aware of its obligations under minimum wage and equal pay laws, as well as recent pensions auto-enrolment changes.

What particular regulations do specific types of business (such as a hotel, or a printer, or a taxi firm) need to follow? We explain some of the key legal issues to consider for 200 types of business.

While poor governance can bring serious legal consequences, the law can also protect business owners and managers and help to prevent conflict.

You must comply with legal restrictions on employees' working hours and time off, or risk claims, enforcement action and even prosecution.

The right employment policies are an essential part of effective staff management. Make sure any policy is clear and well communicated to employees.

Whether you want to raise finance, join forces with someone else, buy or sell a business, it pays to be aware of the legal implications.

While sick employees need to be treated fairly, you need to ensure that 'sickness' is not being used as cover for unauthorised absence.

Marketing matters. Marketing drives sales for businesses of all sizes by ensuring that customers think of their brand when they want to buy.

Most pregnant employees are entitled to maternity leave and maternity pay, while new fathers are entitled to paternity leave and paternity pay.

Commercial disputes can prove time-consuming, stressful and expensive, but having robust legal agreements can help to prevent them from occurring.

As well as undermining morale, illegal discrimination can lead to workplace grievances. Employee discrimination is covered by the Equality Act 2010.

Whether your business owns or rents premises, your legal liabilities can be substantial. Commercial property law is complex, but you can avoid common pitfalls.

Home, remote and lone workers are becoming increasingly commonplace. Key issues include communication and how to manage and motivate people remotely.

With information and sound advice, living up to your legal responsibilities to safeguard your employees, customers and visitors need not be difficult or costly.

The right approach to consulting with and providing information to your employees can improve employee motivation and performance.

As information technology continues to evolve, legislation must also change. It affects everything from data protection and online selling to internet policies for employees.

Disciplinary and grievance issues can be a major burden to employers. Putting in place and following the right procedures is essential.

Following the right dismissal and redundancy procedures helps protect your business and minimise the risk of a legal dispute at tribunal.

Intellectual property (IP) isn't solely relevant to larger businesses or those involved in developing innovative new products: all products have IP.

Employment tribunal claims are a worrying prospect for any employer. A tribunal case is a no-win situation – even if the claim is unjustified.

Knowing how and when you plan to sell or relinquish control of your business can help you to make better decisions and achieve the best possible outcome.

From bereavement, wills, inheritance, separation and divorce to selling a house, personal injury and traffic offences, learn more about your personal legal rights.

One in ten over-55s don't have a pension

1 December 2020

New research by MoneySuperMarket has found that many Brits do not have their financial houses in order when it comes to pensions, life insurance and wills.

MoneySuperMarket has studied data from its Prepared for Life tool as well as almost 300,000 life insurance enquiries to learn more about British financial planning habits.

It has found that nearly two-thirds of Brits underestimate how much pension they need, with one in five (19%) saying they could manage with a pension pot of just £50,000 - 81% less than the recommended £262,500.

Most concerning is the number of people aged 55 and over who have not made provisions for their old age. The findings show that:

  • Almost half (46%) of over-55s have not yet written a will;
  • One in ten in this age bracket don't have a pension at all;
  • Three in five over-55s (60%) do not have life insurance.

The results show that 21% of Brits across all age groups don't have a pension, including 17% of those aged 45-54 and 29% of 35-44-year olds.

"It's interesting to see the number of people enquiring about life insurance across different age groups that are yet to prepare their financial futures," said Neal Cross, life insurance expert at MoneySuperMarket. "The importance of life insurance, pensions and wills are often overlooked, which could explain the disparity between the recommended pension pot of £262,500 and how much people believe they'd need to get by.

"Life insurance premiums increase by age, therefore, the longer you wait to get it, the higher your monthly payments are likely to be. Similarly, if you stop paying for life insurance and repurchase it at a later date, your premiums will still go up, purely down to the fact you will be older when reapplying. So, it's recommended to start making your monthly contributions towards your pension as early on as possible making sure your next of kin are covered in the event you pass away."

Written by Rachel Miller.

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