IGA News

Automatic Pension Enrolment - New and Improved Guidance

Automatic Pension Enrolment - New and Improved Guidance

30 September 2016

The Pensions Regulator, the UK regulator of work-based pension schemes, has added lots of new information to their website to help you choose a pension scheme and enrol your staff.

New Advice

Here are some of the new areas that could help you complete your enrolment steps:

· Click on ‘Find a Scheme Yourself’ for a full list of schemes that are open to small employers

· Click on ‘Get Help from an Adviser’ for new guidance on where to get advice if need a financial adviser

· The ‘What to Look For in a pension Scheme’ page now includes a new list of other considerations you may need to consider when choosing a scheme, such as tax relief, setup and ongoing costs, and payroll compatibility

Extended Webinar - October 6th

On 2pm on October 6th, The Pensions Regulator will be covering the basics of Automatic Enrolment for everyone - and it will even be helpful as a refresher course for those who have already started the process.

This will be followed by the latest updates, including a brief overview of re-enrolment duties, compliance figures, and new online information and guidance that will help you throughout enrolment. There will be an interactive Q&A sessions with their expert panel throughout.

You can join the webinar here.

LinkedIn Session - 11th October

The Pensions Regulator are also hosting another LinkedIn session on 11 October from 10-11am, where they will take questions on any aspect of the AE process. To join in, you’ll need to register to join their LinkedIn group before the Q&A, and post a question in the same way as you would start a discussion.

New Essential Guide to Re-Enrolment

For those of you starting to think about re-enrolment, there is also improved online guidance and a new essential guide to re-enrolment. It takes you through everything you need to know, from choosing your re-enrolment date to completing your re-declaration of compliance.

Postponement and Seasonal Workers – New Animated Tutorials

Do you employ seasonal workers, or are you planning to use postponement? There are two new animated tutorials and other tools for employers on these more complex areas.

Remember, automatic enrolment is your legal duty and if you don’t comply you could be fined.

For more information on automatic pension enrolment, visit www.thepensionsregulator.gov.uk, or call our member helpline on 0845 305 4230.