"Auto-enrolment is just around the corner and many businesses will be looking at pensions for the first time. This Code will help employers make the right pension choice for their staff. Greater clarity will make it much more likely people will stick with their new workplace pension if their employer has banked them the best deal possible." The working group that launched the consultation is made up of employer representatives, pension industry leaders, union and consumer groups, major employers, and pension providers. Read the full story
REVIEWING YOUR PENSION ARRANGEMENTS AHEAD OF AUTO ENROLMENT
6 June 2012
The Pensions Regulator is hosting a webinar to help employers review their current pension arrangements ahead of automatic enrolment staging dates.
This hour-long webinar on Thursday 21 June at 11.00am will give you an opportunity to pose any questions to the regulator in a live question and answer session.
TPR are hosting this webinar with the aim of explaining:
what is meant by ‘qualifying scheme’ and the qualifying criteria how to check if your existing scheme qualifies what to do if you don’t have an existing scheme what to do if you are an employer in the public sector your next steps.
Follow this link to register for the webinar
AUTOMATIC ENROLMENT SAFEGUARDING DUTIES FOR ALL EMPLOYERS FROM 1 JULY 2012
12 June 2012
A reminder that from 1 July 2012 ALL employers have automatic enrolment safeguarding duties regardless of when staging date is.
Regardless of the size of your PAYE scheme, the law on the new employer duties and safeguards will commence from July 2012, even if your staging date is months and years away. The safeguards are intended to protect individuals, meaning there are certain things the employer must not do, both before a person starts working for them and once that person is a member of a pension scheme with that employer.
The safeguards have been put in place to protect entitled workers and jobholders, but the prohibited recruitment safeguard extends this protection to job applicants as well.
This particular element of the legislation will come into force for all employers from July 2012, and not from an employer’s staging date. So, if an employer has a staging date of 1 September 2015, they must ensure compliance with the safeguards detailed in TPR guidance from the date the law becomes effective in July 2012. The safeguards include:
Stopping active membership of a qualifying scheme Unfair treatment of workers
CIPP Policy News Journal
12/04/2013, Page 233 of 362
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