Automatic Enrolment Issues?
November 21st, 2014
A recent update from The Pensions Regulator has raised a number of issues regarding the upcoming Auto Enrolment for thousands of medium-sized employers (with 62-89 workers). Those who staged this July will need to complete a declaration of compliance with them by the end of this November. All employers must submit information about how they’ve complied with their automatic enrolment duties by the statutory deadline – it’s the law. Those who don’t comply could be fined.
Research from The Pensions Regulator has revealed that at least 78% of small businesses will be relying on their advisers for support to ensure they comply with changes to workplace pensions law. Tens of thousands of small and micro employers need to be ready by the summer of 2015 clients very soon.
Click here to read the essential guide to automatic enrolment which outlines what employers need to do to comply with the law.
An interesting stat showed that worryingly just 43% of small and micro employers due to stage in 2015 know their correct staging date
Here are some useful links provided to us which may help you understand further.
Declaration of compliance – See the most commonly asked questions
Staging dates – Use TPR’s staging date tool and find out your staging date
Employer duties– Employers how to comply with your duties
For a Free no obligation Auto Enrolment Audit please click here and one of our corporate advisers will be in touch