The Chartered Institute of Payroll Professionals ……………………………………………………………Policy News Journal
TPR is also hosting another LinkedIn session on 11 October from 10-11am, where they will take questions on any aspect of the AE process. To join in, you’ll need to register to join TPR's LinkedIn group before the Q&A and post a question in the same way as you would start a discussion.
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Automatic enrolment: Postponement and seasonal workers 15 September 2016
The Pensions Regulator has produced two new animated tutorials and other tools for employers on the more complex areas covering postponement and seasonal workers .
An employer may have seasonal peaks they wish to avoid, as automatic re-enrolment may result in an influx of new pension scheme members along with the associated communication activities.
For cyclical re-enrolment purposes an employer may choose their date from any date that falls within a six month window, starting three months before the third anniversary of their original staging date and ending three months from that anniversary. In this way the employer has the flexibility to avoid certain fluctuations. Bear in mind that postponement is not available for an employer to use at automatic re-enrolment. You can only postpone automatic enrolment from: your staging date a staff member’s first day of employment the date a staff member first meets the age and earnings criteria to be put into a pension scheme that you also pay into.
Full details are available on TPR’s website for:
Postponement ; and
Seasonal workers .
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NEST: evolving for the future 22 September 2016
The closing date for responses to this consultation has been extended to 5 October 2016.
Since the establishment of the National Employment Savings Trust (NEST), the pensions landscape has changed. With the introduction of automatic enrolment, there has been a move towards mass-market defined contribution pensions, and the government has made changes to how people can access their pension savings.
Attitudes towards retirement are changing – rather than a sudden event, people are beginning to view retirement as a period of transition. This means that new options are needed to adapt and appeal to meet consumers’ needs.
This call for evidence seeks views on how NEST might evolve to respond to the changing pension landscape. This consultation is aimed at:
pensions industry bodies and professionals
trustees and scheme managers
employers and representative organisations
NEST: Evolving for the future – Fairness, simplicity and confidence
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The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
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