Small businesses urged to 'act now' on auto-enrolment
Christine Scott outlines the latest tips and resources from The Pensions Regulator to help employers prepare for auto-enrolment.
"Act now: it's the law" is the message from The Pensions Regulator to smaller businesses on auto-enrolment.
The Pensions Regulator has now written to all employers across the country alerting them to their automatic enrolment duties.
The letter informs employers when their legal duties start and asks them to nominate a contact who will receive important, regular information from the regulator. Sign up to receive news and information from The Pensions Regulator to keep you up-to-date.
Act now: It's the law
A new national campaign has been launched by The Pensions Regulator to raise awareness about automatic enrolment.
Radio listeners across the country will be alerted to their pensions duties and digital advertising will feature across news websites and online trade sector press. The campaign reflects the regulator's educate and enable approach to urging employers to "Act now: it's the law."
According to the Pensions Regulator, seven out of 10 employers say they will ask a business adviser for help on automatic enrolment. Whether you're an accountant, bookkeeper, payroll professional or an independent financial adviser, a change in the law means that your clients may ask you about workplace pensions. Find out what you can do to help your clients.
New videos and Facebook page
The Pensions Regulator has produced a series of bite-sized videos to help business advisers and employers with automatic enrolment. Topics covered include what to look for when choosing payroll software, director only companies and assessing the workforce.
Other topics, including how to choose a pension scheme will be covered in the coming months. The regulator has also launched a new Facebook page, to keep you up to date with all the latest news and events.
Re-enrolment: business as usual
The first of the large businesses to implement automatic enrolment have now started the process of re-enrolment. Employers who began re-enrolment have reported it has been 'business as usual'.
Under pensions laws, employers must assess all their staff every three years and automatically enrol certain staff into a workplace pension scheme including those who had previously opted out. Find out more about what you can do to help your clients.