Automatic enrolment video case study 29 February 2016
Silverline Wheels and Tyres in Warwick is among the first 10,000 small businesses across the UK to successfully meet their workplace pensions duties on time. Watch a short video where they share their tips on automatic enrolment. Tyre fitters Silverline Wheels and Tyres have reassured other small businesses approaching the date their automatic enrolment duties come into effect and called on them to take a ‘step by step approach.’ Accounts manager Rhyan Barry who implemented automatic enrolment for the business said: “It’s a straight forward process, all the information is on TPR’s website and they send out a brochure which explains step by step what you need to do, if you follow these guidelines everything will be fine.” Last month, The Pensions Regulator (TPR), which is responsible for ensuring employers comply with their automatic enrolment duties, announced more than 90% of the first group of small and micro employers to reach the date their legal duties began, had successfully put their staff into a workplace pension. This year around half a million small employers will reach the dates their automatic enrolment duties start. This means they will have to assess their staff and put those who are eligible into a pension scheme and make contributions towards it.
Employers should leave plenty of time to get their plans in place and make TPR’s website their first port of call. The online duties checker tells employers what they will need to do and when.
To see how Silverline Wheels and Tyres approached their automatic enrolment duties, watch this short video .
TPR’s You Tube channel has a range of useful videos for employers and business advisers.
News from The Pensions Regulator 2 March 2016
News from The Pensions Regulator includes DB scheme returns, new non-exec directors on the board and their recent mental health pledge.
Defined Benefit (DB) scheme return update
DB and hybrid schemes are now receiving their DB scheme return to complete. TPR’s checklist will guide schemes through the new questions and let them know what information they’ll need to complete them.
All schemes eligible for compensation by the Pension Protection Fund (PPF) must provide their scheme information to TPR via the scheme return so they can pass the relevant scheme information as at 31 March 2016 to the PPF for their purposes.
Three new non-executive directors
TPR recently announced the appointment of three new non-executive directors to their Board by the Secretary of State for Work and Pensions. Tilly Ross and Sarah Smart joined the Board on 1 February, followed by Margaret Snowden OBE on 9 May. The appointments are for four years. You can learn more about TPR’s Board here .
Mental health pledge
TPR recently joined a growing number of companies who have signed the Time to Change employer pledge. Time to Change is England’s biggest anti-stigma programme and was set up to create a positive shift in public attitudes towards mental health problems. You can find out more here .
Automatic enrolment Q and A for business advisers 2 March 2016
Do you have any questions you’d like to ask about automatic enrolment? Experts from The Pensions Regulator will be online and ready to answer your questions on 8 March.
CIPP Policy News Journal
25/04/2016, Page 344 of 453
Made with FlippingBook - Online magazine maker