per cent for the 50 to 60 age group and then, rather unsurprisingly, rise sharply to 19 per cent for the over 60s. The opt-out rate for the under 25s is the lowest of all the groups at just 3.8 per cent, backing up what Steve Webb MP, Minister for Pensions, announced at our recent customer conference. “Opt-out rates among females are less than males. And our analysis by different industry sectors shows that the lowest opt out rates are in industry sectors that have lower paid workers. Interestingly, the TV advert for automatic enrolment featured certain industry sectors that have some of the lowest opt out rates, such as construction and manufacturing, so maybe the advert resonated with them.”
Opt-out Rates, by Age
Age Band
Opt-out %
<30
4.1 4.1 3.9 6.6
30> - <40 40> - <50 50> - <60
60>
18.7
<25
3.8
Opt-out Rates, by Gender
Gender Female
Opt-out %
5.1 5.6
Male
CIPP comment If you are yet to stage and need to evaluate your readiness for automatic enrolment, why not complete the CIPP’s self-assessment exercise? Details can be found here .
The Pensions Regulator publishes updated automatic enrolment guides
8 April 2014
Detailed guides have been updated to reflect the 2014/15 threshold changes for automatic enrolment.
A revised Software Guide taking into account the new thresholds is now available along with an updated Test Data Companion , which now includes examples of tax period PRPs and Re- enrolment.
There is also a summary document covering the technical changes and updates within the Software Guide for those who have already built AE within their product(s).
Detailed Guides have also been updated to reflect the 2014/15 threshold changes.
Automatic enrolment: feasibility of providing bulk staging date information
11 April 2014
A trial process is now underway aimed at agents who hold more than 500 employer PAYE scheme references.
CIPP Policy News Journal
16/04/2014, Page 413 of 519
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