13 February 2012
The Pensions Regulator has published updated step-by-step guidance on auto enrolment responsibilities for employers. Initially aimed at larger schemes, the rollout will eventually encompass substantially all employers.
The guidance covers the process of workforce assessment : which employers are covered and who is out, scheme provision and transition, the automatic enrolment process : plus opting-in and opting-out, employee safeguards and record-keeping.
The current timetable has auto-enrolment going live for the largest employers (120,000 employees and above) in Q4 2012, with rapid progressive rollout down to medium sized schemes (30,000 and above) by year-end. Other schemes have longer to respond, with some of the very smallest implementing in 2014 and 2015. However, there is currently considerable debate about the feasibility of this timetable and we expect further information from the Department of Work and Pensions shortly.
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Author: Martin Veasey
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