Enrolment. You will then receive all the latest updates that are posted onto this forum by CIPP staff and also comments and questions from other members.
AUTOMATIC ENROLMENT GUIDANCE PUBLISHED BY NAPF
4 April 2012 The National Association of Pension Funds ( NAPF ) has published the first two leaflets in a series of short guidance documents to help employers implement automatic enrolment. The first two leaflets in the series highlight:
· What auto-enrolment is and what employers will need to do; · When organisations need to start enrolling staff into a pension; · How to choose a pension scheme to automatically enrol staff into; · How to enrol employees into a pension scheme; and · How to manage the costs of auto-enrolment. Follow this link to download the guides .
NEST (National Employment Savings Trust)
NEST AND UK GOVERNMENT FUNDING
13 April 2011 According to a from press release Global Pensions news, the UK government could be forced to subsidise the National Employment Savings Trust to the tune of £379m, European Commission documents show. The shortfall; stemming from the scheme's public service obligation and policy constraints - would be too great to be met by private sector finance, the government said. The documents estimate NEST will require a loan of £904m, with an additional subsidy of £235m, based on a take-up of three million to six million people by September 2016. But lower than expected take-up could mean a loan of £1.275bn with a subsidy of £379m would be necessary. The documents confirmed the government loan would not contravene EU rules on state aid. The government predicted the scheme would take 20 to 27 years to break even. It also revealed that the total costs for setting up and operating NEST are predicted to be between £856m and £938m for the first 10 years. 13 April 2011 NEST Corporation have announced the fund managers it has appointed for its Ethical and Sharia Mandates, the building blocks for the scheme’s Ethical and Sharia Funds. NEST’s Ethical Mandate has been awarded to F&C Asset Management. NEST’s Sharia Mandate has been awarded to HSBC Global Asset Management. Follow this link to read the full press release from NEST NEST AWARDS ETHICAL AND SHARIA MANDATES
CIPP Policy News Journal
09/10/2012, Page 160 of 234
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