"I am excited to be leading TPR’s talented and committed Automatic Enrolment team as the programme continues to roll out across the UK. Automatic enrolment has been a huge success to date, and I look forward to continuing that success. We will be maintaining our communications to employers to ensure they have all the information and tools they need to meet their duties." Darren Ryder has 28 years’ experience working in the public sector, across a wide range of tax and social policy areas. These include child support, business and individual tax, and retirement savings. Darren has also worked on major reforms across New Zealand and the UK, along with sharing his expertise of these models with the World Bank and countries they partner with. From 2005 to 2011, Darren worked as a senior manager with the KiwiSaver programme in New Zealand, through all of the business case, procurement, design, implementation and operational phases.
KiwiSaver has seen over half of the New Zealand population enrolled into a retirement scheme, with over $28 billion New Zealand Dollars in assets already accumulated.
A decision on the permanent leadership of the Automatic Enrolment program will be made in due course.
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Case studies and webinar volunteers wanted 25 April 2017
The Pensions Regulator wants to hear about some real-life automatic enrolment experiences.
Feedback from TPR’s recent events and webinars has revealed that business advisers would like to learn more about the practical side of automatic enrolment. TPR is therefore, interested to hear about your automatic enrolment experiences to create some real-life case studies.
TPR is also looking for people to take part in interviews or panel discussions for their upcoming webinars.
If you would like to get involved, please contact TPR by email - NBEfeedback@tpr.gov.uk
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Number of companies missing their auto enrolment set up date continues to rise 28 April 2017
According to Aviva’s late stager tracker the number of companies applying for their workplace pension after the date by which they should have, is now up to 1 in 6 businesses.
Aviva uses their own client data in their ‘late stagers’ tracker (Q1 2017). It shows the proportion of companies who are applying for their workplace pension after the date by which they should have set it up.
The figure is continuing to rise and is now up to 1 in 6 businesses – this is up from 1 in 7 (14%) during the previous quarter and 16 times higher year-on-year; although the number of companies going through auto-enrolment has greatly increased since the middle of 2016. The data has also highlighted that the proportion of firms preparing for auto-enrolment well in advance has continued to fall. Only a quarter of firms (25%) applied to Aviva more than two months in advance of their staging date – the lowest on record. This figure is down considerably on the high of 40% back in Q2 2016. However, the proportion of companies applying a month or two months before their deadline has remained stable.
The number of firms who are now setting up workplace pensions for the first time does go some way to explaining the continued rise of ‘late stagers’.
2017 promises to be a key year for the roll out of automatic enrolment. Up to 700,000 employers are due to stage in 2017 – the highest number since AE began in October 2012. This year it is quite possible that business advisers will see a doubling, or even trebling, of the number of their clients staging each month, compared with 2016.
The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
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