Automatic Enrolment – DWP Evaluation Report 2015 19 November 2015
The Department for Work & Pensions has published the 2015 evaluation report which brings together the latest evidence to show what has happened since automatic enrolment began.
The full automatic enrolment evaluation report includes an acknowledgement from the Department for Work and Pensions (DWP) Automatic Enrolment evaluation team for the valuable contributions made from National Employment Savings Trust (NEST) and The Pensions Regulator (TPR) in putting together the report. Key findings Up to the end of September 2015, more than 5.47 million workers have been automatically enrolled by over 60,000 employers. Data, collected with reference to April 2014, shows that the number of eligible employees participating in a workplace pension rose to 13.9 million (70 per cent), an increase of 3.2 million since 2012. The DWP Employers’ Pension Provision survey (EPP) found that up to the end of August 2015, 10 per cent of automatically enrolled workers have opted out and a further 3 per cent of automatically enrolled workers have ceased active membership. Larger employers have tended to say that young or low earning workers were more likely to opt out. EPP 2015 found that, across all employers that had staged up to the end of August 2015, the total median cost for implementing automatic enrolment was £500. Implementation costs varied substantially by employer size. Employers tended to say that the most work came from communicating the reforms to workers, as well as ongoing administration of the pension scheme.
A full evaluation report or a summary have been produced by the Department for Work & Pensions Automatic Enrolment evaluation team.
The Pensions Regulator (TPR) Webinar: common automatic enrolment challenges 19 November 2015
Neil Esslemont and Rebecca Woodley from the Pensions Regulator will be delivering an online webinar on Monday 23 November.
Do you know how to use postponement correctly? Or how a director or a personal services worker should be treated for the purposes of automatic enrolment? Are you unsure of the steps to take if your client fails to carry out their duties on time? The TPR expert panel will talk through some of the issues small employers are struggling with. From simple form- filling errors to missing a staging date due to having more than one PAYE scheme, and will share their insight and update you on those areas employers find more difficult, as well as answer any questions you have about the automatic enrolment process
Aimed at accountants, bookkeepers, payroll professionals and other business advisers, this webinar aims to help you to help your clients meet their automatic enrolment duties on time.
The webinar will run from 3 to 3:45pm and is free to access, registration is open now.
In addition to the webinar on the 23 November, TPR will also be hosting an Automatic enrolment for business advisers: online Q and A on the TPR LinkedIn group to answer your questions on automatic enrolment.
Subject: Automatic enrolment for business advisers: Online Q and A When: Tuesday 1 December 2015 Time: 10 to 11 am Where: LinkedIn
The question and answer session will be held on the TPR LinkedIn group and is aimed specifically at the following business advisers:
CIPP Policy News Journal
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