The Chartered Institute of Payroll Professionals
Policy Bi-Monthly Newsletter – September 2016
Automatic enrolment hits 200,000 employer landmark 10 August 2016
The Pensions Regulator has published their monthly declaration of compliance report which shows that more than 6.5 million workers have begun saving after being put into a pension by their employer and more than 200,000 employers have completed their automatic enrolment duties. More than three times as many small and micro employers (over 156,000) have now complied compared to all large and medium employers put together (over 44,000). More than 960,000 employees of small and micro employers have been enrolled.
This month’s Declaration of Compliance report shows that by the end of July, more than 6.5 million workers had begun saving after being put into a pension by their employer.
Read TPR’s press release with comments from Richard Harrington, Minister for Pensions and Charles Counsell, Executive Director for Automatic Enrolment.
All employers have legal duties and can use the Duties Checker on TPR’s website to quickly understand exactly what they need to do.
Automatic enrolment: Don’t let your clients’ holiday plans risk a fine 11 August 2016
If your client's declaration of compliance deadline is 31 August, you can help them to avoid a fine by starting the declaration as soon as possible and ensuring that it’s completed on time.
Note that Monday 29 August is a Bank Holiday.
It is important that your client completes a declaration of compliance and submits it to The Pensions Regulator so that they know what actions have been taken to meet their duties. This needs to be done within 5 months of your client's staging date. If you are performing some of the tasks on their behalf, then make sure you agree with your client who will complete the declaration.
The Pensions Regulator produces a declaration checklist to help gather all the information needed to complete the declaration.
Re-enrolment guidance for employers revamped 25 August 2016
The Pensions Regulator has launched new online content giving guidance to larger employers on their re-enrolment duties.
An introductory page provides an initial overview of the steps, along with timings of when employers should aim to complete these steps. The overview page also includes ‘The essential guide to re-enrolment and re-declaration’, which is available to download and provides employers with a cut down version of the online content if they require a quick reference guide.
The new online content is composed of 4 main steps:
1. Choose your re-enrolment date 2. Assess your staff 3. Write to staff that you have re-enrolled 4. Complete your re-declaration of compliance
TPR are also actively encouraging employers to keep them up to date with their contact details.
cipp.org.uk
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