Automatic Enrolment
THE PENSIONS ADVISORY SERVICE PREPARED FOR INCREASE IN CALLS ABOUT AUTOMATIC ENROLMENT
10 October 2012
Even before the start of employers’ duties on 1 October to automatically enrol workers into workplace pension schemes, The Pensions Advisory Service (TPAS) has seen a steady increase in enquiries from the public about automatic enrolment. TPAS Chief Executive said on launch day that as one of the Department for Work and Pensions' key stakeholders for the delivery of pension reform, they expect to deal with a significant number of enquiries from members of the public who are joining a pension scheme for the first time. TPAS have been working with the Department and other stakeholders to identify the sorts of complex pension queries people might have as they start planning for retirement for the first time. TPAS has already seen a steady increase in calls and emails from the general public and this is expected to continue to increase over the coming months. As the number of people in workplace pension schemes is set to explode, they expect to continue to play our part in helping them understand their pension rights and have been very busy making a number of changes to the way they work. TPAS has also increased their staffing levels to ensure they are ready. CIPP comment The Pensions Advisory Service staff has technical expertise and years of pensions experience so are uniquely placed to provide employees with free impartial assistance with Automatic Enrolment. They are skilled at explaining complex issues in ways that can be easily understood. So if your staging date is on the horizon and you have employees who come to you looking for advice then you could direct them to TPAS who can talk them through their options and help to decide what is right is for them.
Helpline:0845 601 2923 www.pensionsadvisoryservice.org.uk
NEST SAYING 18 MONTHS PREPARATION FOR AUTOMATIC ENROLMENT REQUIRED
1 November 2012
With automatic enrolment now a reality for the largest employers and workforces across the UK, the clock is ticking on preparations for companies of all shapes and sizes.
NEST is reaching out to employers to help them understand the challenges they may face in implementing automatic enrolment, how long it will take to prepare, the questions they need to consider and where NEST could fit in with their plans. At an event for employers and advisers in London today (30 Oct), NEST shared its expertise and insights to date on getting to grips with the duties, compliant investment solutions, worker communications and scheme management. Delegates also heard from Minister for Pensions, Steve Webb and Joanna Hancock from the Pensions Regulator.
Helen Dean, managing director, scheme development at NEST, says:
‘Our experience has shown that it can take 18 months for employers to get to grips with
CIPP Policy News Journal
16/04/2014, Page 372 of 519
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