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From 2012 changes to pension’s law will affect all employers with at least one worker in the UK.
For employers: A 7 point guide to help employers understand their new duties. Click to download 4 pages >>
To help you prepare for the changes, we have reproduced the Pensions Regulator’s guidance to explain the new employers duties.
An introduction to the new employer duties looking at how the working population is classified under the new legislation and how the new duties apply to different categories of workers.
First steps to prepare for the new employer duties in identifying their staging date, making an initial assessment of the workforce and putting procedures in place for the new duties.
How and when to identify the different categories of workers and what steps an employer must take for each category of worker and how a group assessment may differ from assessing an individual.
Pension schemes under the new employer duties and what criteria the scheme must meet to fulfill the employer duties. Information includes the qualifying criteria and the minimum requirements.
An explanation of the automatic enrolment process which is split into 3 sections and provides information about the law surrounding automatic enrolment into a qualifying pension scheme.
How to process pension scheme membership outside of the automatic enrolment process when an employee wishes to join the scheme outside of the automatic enrolment process.
How to process ‘opt outs’ from workers who want to leave a pension scheme after the automatic enrolment process has started. Information is provided on opt out period timescales, refunds and ceasing membership.
The new safeguards to protect workers under the workplace reforms. Information includes the law prohibiting inducements and prohibited recruitment conduct.
Records that must be kept by law under the new employer duties including information on the type of records that must be kept and how they should be collected and stored by the employer.
