Autumn update on pensions auto-enrolment
Christine Scott sets out the latest messages from The Pensions Regulator to business advisers on pensions enrolment.
Automatic enrolment: Are you nominated as a secondary contact?
The Pensions Regulator (TPR) sends regular letters and emails to employers with key dates and notifications about automatic enrolment.
Make sure your clients have nominated you as their secondary contact with TPR so that you also receive this information.
Automatic enrolment: What to consider when choosing a pension scheme
When helping clients to choose a pension scheme for automatic enrolment, it's important to consider different schemes and the different features they offer, including the tax relief used (relief at source or net pay arrangements), whether the scheme will accept all your client's staff, what the costs will be and whether it will work with your client’s payroll software.
TPR has an online guide for business advisers to help you to support your clients with choosing a pension scheme.
Re-enrolment and ongoing duties
Every three years, your clients will need to put certain staff back into a workplace pension scheme and make contributions to it: this process is called re-enrolment.
TPR will contact your clients of their re-enrolment date to let them know what to do, and by when.
It’s important that TPR is sending information, notifications, and reminders to the correct person. Update your contact details online.
Re-enrolment – do you know when this will impact your clients?
If you have clients who automatically enrolled their staff into a workplace pension around three years ago (in 2013/14), then you should be aware that they will soon be reaching their re-enrolment deadline.
At their chosen re-enrolment date, they will need to put certain staff back into an automatic enrolment pension scheme. As part of their legal re-enrolment duties, they'll also need to complete a re-declaration of compliance to tell TPR what they have done.
TPR has information on their website about what needs to be done, and by when.