The Department for Work and Pensions (DWP) conducted the research as part of their commitment to evaluate the effects of the workplace pension reforms.
The report shows analysis of opt out rates in large employers with automatic enrolment start dates falling between October 2012 and April 2013. Opt out being a key indicator of the impact of automatic enrolment on workplace pension participation. Across the 42 employers providing detailed data, it is estimated that overall participation in a workplace pension increased from 61 per cent to 83 per cent (from around 1.2 million workers to 1.6 million workers).
For further information you can read the 8 page summary report provided by the DWP and their press release .
Full findings from this research will be published in Autumn 2013 on the DWP’s research pages at GOV.UK.
FIRST EMPLOYER ISSUED WITH AUTOMATIC ENROLMENT FAILURE NOTICE
15 August 2013
The Pensions Regulator has issued its first notice to an employer which has failed to meet its automatic enrolment duties.
Professional Pensions reported that it has been revealed that The Pensions Regulator (TPR) has issued its first non-compliance notice to an employer who has failed to meet its auto- enrolment obligations.
TPR confirmed the non-compliance notice, which requires employers to make specific remedial action, was served to an un-named company in the period to 12 August.
It was also revealed that the Regulator has issued 28 warning letters to employers for minor breaches of the regulations. TPR stated that warning letters are part of its formal compliance process but do not come within its statutory powers.
THE PENSIONS REGULATOR IS HOLDING FREE AUTOMATIC ENROLMENT KNOW- HOW EVENTS
15 August 2013
The Pensions Regulator (TPR) is holding sector specific events for employers staging from 2013 to 2015 and private sector events for employers staging from 2013 to 2014.
TPR has published the following information:
Sector specific events for employers staging from 2013 – 2015
In some sectors assessing the workforce and working out who is an employee is more complex as the workforce can be made up of varied contractual relationships e.g. zero hours, casual workers and self employed.
We are holding individual sector specific events for:
construction industry
recruitment
arts and entertainment
accommodation and food services.
CIPP Policy News Journal
16/04/2014, Page 383 of 519
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