New auto-enrolment resources from regulator
Christine Scott provides an update on the latest developments in auto-enrolment from The Pensions Regulator.
The Pensions Regulator has made it more straightforward for you to help your clients choose the right pension scheme with a suite of new information available on its website including an 'Accountant's guide to pension scheme selection and automatic enrolment'.
In addition, The Pensions Regulator has a dedicated page for employers on scheme selection. This includes a published a list of master trust pension schemes prepared to accept business from employers of all sizes, and that have been independently reviewed to show they are administered to a high standard.
You can also find links on its website to NEST, the pension scheme set up by government that has a public service obligation to accept all employers, and to lists from the Association of British Insurers and the National Association of Pension Funds.
How to use payroll software for automatic enrolment
The Pensions Regulator has developed a short video for business advisers looking at some 'top tips' on how to best use payroll software for automatic enrolment.
If you have already found out your client's staging date and checked out who they need to enrol, you will need to find out their payroll situation and whether the software they use works with their chosen pension scheme.
Top five automatic enrolment questions from employers
The Pensions Regulator has a 'frequently asked questions' webpage where it answers those questions most often asked about automatic enrolment. In July, the top three subjects the regulator was contacted about were:
- What happens if I'm not an employer but then take on a member of staff?
- I employ someone to care for me - are they classed as a worker?
- What's the process for nominating a contact?
Automatic enrolment and what you need to know about seasonal staff
If you have clients who employ short-term staff, you can help them by getting up to speed with how they need to be treated for automatic enrolment purposes. This can be a more complex task if your client employs a lot of people on a variety of contracts, and has a high staff turnover. One option you may wish to explore is postponement, which offers additional flexibility by enabling an employer to delay assessing staff for up to three months
The 'checking who to enrol' page on The Pensions Regulator's website has information on how to assess staff and the options available.