The Pension Regulator (TPR) has published new material about staging dates, and is inviting employers to a webinar about Declarations of Compliance or registration for auto enrolment.
TPR’s new October article focusses on staging dates, and includes a number of useful links. The next webinar that TPR is holding focusses on the Declaration of compliance (registration). This is particularly useful to those who are approaching their declaration of compliance date, but is relevant to all intermediaries and their clients who would like to increase their understanding of what this involves. A link to the invitation is here .
Automatic enrolment: review of earnings threshold
17 October 2014
The Department for Work and Pensions (DWP) are consulting on a review of the earnings thresholds for automatic enrolment into a workplace pension for April 2015 to March 2016.
The threshold has up to now been equivalent to the Income Tax personal allowance, but this consultation exercise will also consider alternatives for 2015-2016 and future years.
The DWP consultation seeks views on:
what they should take into account when reviewing the earnings thresholds for April 2015 to March 2016 the proposed earnings levels for April 2015 to March 2016
and runs until 25 November 2014.
Auto enrolment: areas of misunderstanding
17 October 2014
The Pensions Regulator has produced a number of briefing notes to cover areas of auto enrolment which are commonly misunderstood.
The notes cover three topics as follows:
Briefing Note 14-01 - Estimating start of Opt-out windows This covers the issue of ensuring the right Opt-out date is used in instances where employers, jobholders and pension providers do not necessarily know when the Opt-out window begins and ends. Briefing Note 14-02 - Director exemption of duties The rules on how and when company directors are exempted from automatic enrolment are not always fully understood. This briefing explains when the exemption does and does not apply. Briefing Note 14-03 – ‘Giving’ T&C’s This clarifies how to ‘give’ terms and conditions compliantly.
Call for auto enrolment earnings bands to be scrapped
20 October 2014
Band earnings for auto-enrolment should be scrapped to allow workers to enter a workplace pension as soon as they start paying National Insurance, according to NOW: Pensions.
CIPP Policy News Journal
08/04/2015, Page 340 of 521
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