The Pensions Regulator is responsible for
ensuring that all employers comply with workplace pension law – they have guidance and support to help you.
enrolment – make sure you comply on time. Don’t risk a fine
If The Pensions Regulator has written to you
to tell you that your staging date is approaching and you still haven't done
anything – you still have time. Take 5 minutes to complete TPR's duties checker to find out
what tasks you need to complete.
As part of your duties, you’ll need to tell TPR
what you’ve done by a specific date. This is called a declaration of
compliance. Make sure you know when your declaration deadline is as failing to complete
and submit one on time means you haven't met all of your AE duties which could
result in enforcement action. TPR has a declaration
of compliance checklist to help you.
enrolment is an ongoing process –
it does not end on your staging date
The Pensions Regulator has published results
of some research they carried out on how employers are meeting their ongoing
automatic enrolment duties. The analysis shows that this is business as
usual for employers, and that it’s less complicated than they thought – with
most micro employers spending just half and hour a month.
Automatic enrolment is a continuing
responsibility for employers which does not end after their staging date. You
will need to pay regular contributions into the pension, monitor the age and
earnings of your staff and enrol eligible staff, process any requests to join
or leave the scheme, and keep and maintain accurate records. You’ll also need
to re-enrol eligible staff into an automatic enrolment pension scheme every
TPR has information and guidance to help you understand
your ongoing duties.
you automatically enrol your staff in the summer of 2014?
Part of an employer’s ongoing duties is the
requirements to re-enrol every three years. This is when you need to assess all
your staff who either opted out of their workplace pension scheme or have
ceased to become members, re-enrol them if they meet certain criteria, write to
them to tell them what you’ve done – and then re-declare your compliance to The
Pensions Regulator to let them know what you’ve done to meet your re-enrolment duties.
More than 80,000 employers are coming up to
their re-declaration of compliance deadline over the summer months. Make sure
you complete and submit your re-declaration on time or you run the risk of a
The Pensions Regulator has an Essential Guide to Re-enrolment
to help you.