| The Pensions Regulator
has started writing to the first employers
who will need to automatically enrol
employees into a workplace pension scheme
to remind them of their new
responsibilities. It announced on 17 May
that over the next six months, it will be
sending letters marking 18 months until
the first automatic enrolment to nearly
600 of the UK’s organisations – together
employing around ten million employees,
about a third of the UK workforce – to
alert them to their new pension duties,
which are being introduced in stages,
according to employer size.
The regulator is providing a five-point
checklist alongside with the notification
letters, plus further information on its
website. In due course, every employer in
the UK will receive least two letters as
they approach their duty date.
Bill Galvin, chief executive of the
Pensions Regulator, said: “Our message is
that we urge every employer to check the
approximate date they must comply. The
date will vary between October 2012 and
February 2016, depending on employer size.
“We are saying to the UK’s 10,000 large
employers with more than 250 staff to
check your date now, read our guidance and
use the five-point employer checklist to
help prepare.
“For smaller employers, many of which will
not need to automatically enrol staff
until 2015 or 2016, we suggest that for
now you look up your duty date. Later this
year we will be publishing a range of web
tools to help smaller employers to
understand what they need to do to
comply.”
LINK:
Pension reform |
