Policy News Journal - 2011-2012

Webb previously said the government was proposing the Pensions Act 2008 provisions apply to seafarers and offshore workers in the same way that they apply to land-based workers. This would mean the location of the employer would not be a key determining factor in deciding whether a worker was "ordinarily working" in the UK.

TPR ONLINE TOOLS

3 August 2011 The Pensions Regulator has released online interactive tools to help smaller businesses begin preparing for automatic enrolment. By filling in basic information, such as their PAYE reference, the number of people they employ and salary information, employers can find out more detail about: when the changes to pensions law will affect them which staff need to be automatically enrolled into a pension scheme how to automatically enrol staff how much they will need to contribute to their staff’s pension Follow this link to The Pensions Regulator Interactive Tools for Employers 3 August 2011 The Pensions Regulator has published Version no: 2.0 ‘A guide to workplace pensions reform for software developers’. This version reflects the final set of draft Department of Work and Pensions (DWP) regulations and minor updates. These changes are summarised in a table at the back of the guide. The guide is aimed at developers with any type of software product that employers may rely on to comply with their new duties (eg payroll, HR or pension administration software). Follow this link to download a copy of the guide 10 August 2011 The Pensions Regulator has published a statement to help trustees understand the importance of identifying their pension scheme's statutory employer and how to do so. Aimed at trustees of schemes with defined benefits and their advisers, the statement focuses on why it is important to be clear who legally stands behind their scheme and what they (trustees) need to do. Trustees will be required to identify their scheme's statutory employer on the scheme return from November 2011. A statutory employer is legally responsible for ensuring that the scheme meets its funding objective, paying the section 75 'buy-out' debt if certain events (including insolvency) occur, and whose insolvency will trigger a Pension Protection Fund assessment period. The government has recognised that some schemes have in the past lost their statutory employer, which is likely to have serious consequences for members. GUIDE TO WORKPLACE PENSIONS REFORM FOR SOFTWARE DEVELOPERS TPR HELPS TRUSTEES TO IDENTIFY THEIR SCHEME’S STATUTORY EMPLOYER

CIPP Policy News Journal

09/10/2012, Page 146 of 234

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