This consultation is aimed at: · employers
· employer and employee representatives, and · all pensions industry professionals, including: · occupational pension and workplace personal pension scheme administrators · payroll administrators · accountants · payroll bureaux · payroll software providers · Independent Financial Advisers, and · Employee Benefit Consultants. The consultation closes on 26 January 2012 PAYROLL INDUSTRY URGED TO APPROACH EMPLOYERS AHEAD OF AUTOMATIC ENROLMENT 28 December 2011 The Pensions Regulator has today issued an open letter ( Supporting the UK’s employers with automatic enrolment ) to the payroll software industry. With employers able to start automatically enrolling workers from next October – and in some cases as early as next July – the regulator is calling on payroll software developers to share details of planned product offerings and delivery timescales. This is especially important for those customers who will need to be ready for automatic enrolment within the next 18 months. Charles Counsell, executive director for employer compliance, said: “A lot of the large employers that we’re talking to are saying that they need more information before they can start formalising plans. The payroll software industry can really help here. “We’ve had an excellent relationship with the payroll industry in the last twelve months in terms of product design and development. Now we need the industry to share their products with employers to help them prepare for auto enrolment.” In April, the regulator issued detailed technical guidance for the payroll industry. This has helped to ensure that products developed to help employers comply with their new duties are suitable and reflect the legislative requirements. THE GOVERNMENT ARE LAUNCHING AN AUTOMATIC ENROLMENT AWARENESS CAMPAIGN FOR THE ‘DAUNTED’ AND ‘UNPREPARED’ 20 January 2012 Communications to individuals to support the launch of automatic enrolment into a workplace pension will begin this month. The 'individuals' campaign is aimed at two priority audience groups - the 'daunted' and the 'unprepared'; two large groups of the population, with whom it has been hard to engage on the subject of pensions.
CIPP Policy News Journal
09/10/2012, Page 152 of 234
Made with FlippingBook - Online magazine maker