The Regulator will be obtaining feedback and therefore this guide may be updated again in the near future.
A detailed guide to Automatic enrolment for software developers
About this guidance (excerpt from guide) This guidance is aimed at software developers involved with payroll applications and wider business applications, for example HR and pensions administration that may be involved in supporting an employer in complying with their new automatic enrolments duties. It is of particular relevance to developers with employer customers who have more than 53 persons in their PAYE scheme. This is because with the staggered introduction of the new duties employers with more than 250 persons in their PAYE scheme will become subject to the new duties during the current financial year. Employers with between 54 and 249 persons in their PAYE scheme will become subject to the new duties during the 2014-2015 financial year. It is also of relevance to developers with employer customers who have more than 250 persons in their PAYE scheme as this guidance also covers the technical changes made to the legislation from 1 November 2013 and includes the addition of cyclical automatic re-enrolment. This guidance is a comprehensive guide to the key concepts in automatic enrolment included in the ‘core’ payroll routines and wider routines supporting the end-to-end duties. It describes the employer duties using a technical notation and may not be suitable for a more general readership. For a more general readership we have published a series of guides that cover all aspects of the new pension duties for employers. These are available at www.tpr.gov.uk/detailed- guidance. In addition we have a range of short introductory information and online tools available at www.tpr.gov.uk/beginner . This version of the Software guide has been updated to include cyclical automatic re- enrolment and re-registration and the technical changes made to the legislation from 1 November 2013 and those that come into effect on 1 April 2014. Annex C provides details of the significant changes made to this guidance. This guide will be updated to reflect changes to the values of the qualifying earnings thresholds and the automatic enrolment trigger point, and any other relevant legislative change. Developers can sign up to the news-by-email service on the regulator’s website to find out when the guide has been updated and published: www.tpr.gov.uk/news .
Automatic enrolment charge cap could force 90,000 scheme reviews
5 November 2013
Up to 90,000 employers would be forced to review their defined contribution (DC) schemes if a charge cap was introduced, according to a government paper.
The Department for Work and Pensions (DWP) is currently consulting on a range of options to crack down on excessive charges in DC, including a cap of 0.75% or 1% on annual fees.
In its impact assessment on the report, the DWP states that 90,000 schemes would need to be reviewed if the limit was set at 0.75%.
If the cap was set at the higher level, the number of schemes that would need reviewing would be between 25,000 and 35,000.
CIPP Policy News Journal
16/04/2014, Page 397 of 519
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