Employers, and agents acting on behalf of employers, can find their automatic enrolment staging date using the Staging Date tool * on The Pensions Regulator’s website by entering their PAYE scheme reference. The Pensions Regulator is currently looking at the feasibility of providing bulk staging date information to software providers, service providers and others who act on behalf of multiple employers. A trial process is now underway aimed at agents who hold more than 500 employer PAYE scheme references.
For more information about how you can take part in this trial please contact AEDataRequest@thepensionsregulator.gsi.gov.uk .
*For exceptions follow this link .
General Pensions News
PENSION SAVINGS ANNUAL ALLOWANCE CALCULATOR
20 February 2013
The online pension savings calculator has been updated in response to customer feedback.
The calculator has been changed so that it now works out the carry forward amount when the pension input amount is known. A separate calculator has been created to work out the pension input amount when this isn't known. The calculator can be found at the HMRC website.
THE PENSIONS REGULATOR RECORD KEEPING REVIEW
1 March 2013
In 2010 The Pensions Regulator (TPR) published guidance on record-keeping. This included record-keeping targets for pension schemes in respect of ‘common’ data like member names, addresses and dates of birth.
The deadline for meeting these targets was 31 December 2012.
The TPR will select over 200 schemes for the review which will start in early March and will involve information being requested from the schemes about their record-keeping.
The schemes chosen will be a mixture of old, new, DB, DC, contract and trust-based schemes and contact will be made via the administrators, although trustees will be informed that the review is taking place. Being selected does not necessarily mean that TPR expect there to be problems with a scheme’s records. However, if they find breaches of legislation during the review they may consider taking enforcement action.
To ensure TPR has up-to-date contact information for your scheme, including the details of your chair of trustees and administrator, you can review your information via Exchange .
WITHDRAWAL OF CONTRACTING-OUT DEFINED CONTRIBUTION (DC) FORMS
11 March 2013
CIPP Policy News Journal
16/04/2014, Page 414 of 519
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