The Chartered Institute of Payroll Professionals ……………………………………………………………Policy News Journal
Automatic enrolment Compliance and Enforcement Policy 14 July 2016
A minor change has been made to The Pension Regulator’s Compliance and Enforcement Policy.
Following a recent consultation on TPR’s prosecution policy, they have removed the prosecution section from the AE C&E Policy, as the subject is now covered by a standalone policy applying to the whole of TPR’s business.
The only change to the AE C&E Strategy is a reference added to the new standalone document. The new standalone Prosecutions Policy has had the following changes made to it:
a paragraph has been added on victims of crime a paragraph has been added on prosecution of organisations as well as individuals the paragraphs on the test that TPR apply in deciding whether to prosecute have been shortened and simplified a table has been added showing all of the offences under pensions law (only those applicable to AE).
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Advisers help drive success of automatic enrolment 15 July 2016
Awareness and understanding of automatic enrolment is now almost universal amongst business advisers; recent research from The Pensions Regulator shows that more than nine out of ten are now helping clients meet their duties.
Workplace pensions are becoming business as usual across the UK, with employers confident they can comply and the majority of advisers having now been approached by employers.
The research, based on surveys carried out between February and April 2016, also shows that understanding amongst small employers saw a significant rise from 68% to 81%.
Key findings from the Regulator’s analysis of their recent employer and intermediary tracker research found:
From the employer survey: Understanding amongst small employers saw a significant rise from 68% to 81%, and remained largely unchanged for micro employers rising from 56% to 60%. Direct communications from TPR continued to be the main catalyst for employers to start preparing for automatic enrolment. Of those employers who stated that both TPR direct communications and advertising prompted action, nearly two thirds stated the advertising encouraged them to look again at the direct communications The vast majority (90%) of employers continued to express confidence in future compliance with automatic enrolment (93% in autumn 2015). The majority of employers continued to have positive perceptions of workplace pensions. However, automatic enrolment was still more likely to be perceived as a challenge among micro employers than among small employers.
From the intermediaries’ survey:
The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
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