The Chartered Institute of Payroll Professionals ……………………………………………………………Policy News Journal
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Auto enrolment update from The Pensions Regulator 23 January 2017
Up to 700,000 employers are due to stage in 2017 – the highest number since AE began in October 2012.
The year ahead
2017 promises to be a key year for the roll out of automatic enrolment. Up to 700,000 employers are due to stage in 2017 – the highest number since AE began in October 2012. This year it is quite possible that business advisers will see a doubling, or even trebling, of the number of their clients staging each month, compared with 2016.
This will include new employers that first employed a worker between 2 April 2012 and 30 September 2017 who will reach their staging date between May 2017 and February 2018.
In addition:
Medium size employers, those with 50 to 500 staff in 2012, are expected to reach their re-enrolment date in the new financial year (2017/2018). New employers from 1 October 2017 onwards will have immediate AE duties, starting on the contract start date of their first worker.
Latest declaration of compliance statistics
The latest report shows that by the end of December 2016 over 370,000 employers, with a total workforce of 24m, had completed their declaration of compliance and that 7.2m people have now been automatically enrolled.
The report shows both initial declarations and the number of employers that have completed their declaration after re- enrolment.
Free half-day business adviser seminars
The latest TPR hosted events, designed specifically for business advisers, have been arranged for:
1 February in Brighton; and 9 February in Chester .
Whether you’re new to AE or want some guidance on areas that advisers have told TPR they find more challenging, an expert team is on hand to help. They will provide comprehensive information about the tasks employers will need to complete to meet their ongoing duties, including re-enrolment, with plenty of opportunities throughout the day to ask questions about any aspect of the process.
You can register now for a free half-day morning or afternoon seminar – places are usually oversubscribed and are allocated on a first-come first-served basis, so don’t leave it too long before booking.
Free webinar on ‘supporting your clients through re-enrolment’
Help your clients meet their re-enrolment duties on time and register for a free webinar at 2pm on 14 February 2017. It is aimed at accountants, bookkeepers, payroll professionals and other business advisers.
If your client's staging date was in 2014, their re-enrolment duties will take place in 2017. These will vary depending on whether or not they have staff to enrol. TPR will be covering all the facts around re-enrolment - the process, choosing the right date, and explaining which staff need to be automatically re-enrolled.
There will also be a chance to put your questions to experts throughout.
The webinars continue to be extremely popular, with 97% of advisers saying they would be happy to attend another webinar – so register today .
The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
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