New essential guide to automatic enrolment
24 June 2014
As more employers approach their staging date, the Pensions Regulator has published an “essential guide” to their obligations
The Pensions Regulator have published this new guide to the automatic enrolment obligations of employers.
Change in terminology for auto enrolment
25 June 2014
The Pensions Regulator has announced that it will be seeking a ‘declaration of compliance’ from employers with effect from 24 June 2014.
The Pensions Regulator has explained this change as follows:
Why is the terminology changing?
Completing registration with us is a legal duty on employers and an important method for tracking compliance. That’s why we have renamed registration with declaration of compliance – a term that resonates more strongly with smaller businesses.
This coincides with the extension of automatic enrolment duties to the many thousands of these small and micro businesses across the UK.
Our research among these employers has shown that small and micro employers have a different understanding of registration than larger businesses. They identified more strongly with declaration of compliance as a description of the process that all employers must complete following their staging date.
We’ll be referring to employers’ duty to complete a declaration of compliance in all of our communications material and across our website shortly.
We have produced some guidance and examples of how the term is used. Visit this link for further information.
Automatic enrolment prompts employers to re-design their benefit packages
3 July 2014
A survey has shown some interesting trends in larger employers opting to change their benefit packages in response to the introduction of auto enrolment.
JLT Employee Benefits have surveyed the top 250 UK employers, and found that auto enrolment has prompted some firms to integrate auto enrolment pension into the overall benefit mix.
Reduction in reported auto enrolment numbers
4 July 2014
CIPP Policy News Journal
08/04/2015, Page 329 of 521
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