Will your business be ready?


What do the changes mean?

They mean that employers now need to automatically enrol ‘eligible jobholders’ into a ‘qualifying pension scheme’. Eligible jobholders will only need to be automatically enrolled once they have completed up to three months’ employment, although employers could opt to enrol them before then. An eligible jobholder who wishes to opt in during the waiting period will have the right to do so and benefit from an employer contribution.

Once automatically enrolled, eligible jobholders will be able to opt out within a month, in which case they will be due a refund of any contributions taken.
Thereafter, employers must re-enrol them every three years, again with the opt-out provision.

We provide advice and assistance to employers to help them prepare for the upcoming changes.


 Insights and views

    Government sets 0.75% charge cap for auto-enrolment schemes and will ban commission
    31 March 2014
    The government has introduced a 0.75% charge cap on the default funds of qualifying schemes used for auto-enrolment from April 2015 and has confirmed that from April 2016 commissions and active member discounts will be banned.

    Read more
    Pensions Bulletin March 2014
    10 March 2014

    In the latest issue of our Pensions Bulletin, we focus on journey plans and integrated risk management plans in the light of the Pensions Regulator's draft code of practice on DB funding. The Bulletin also looks at some other recent developments, including the impact of same sex marriage on occupational pension schemes and HMRC’s recent announcement on changes to its VAT policy.

    Read more
    Pensions Bulletin December 2013
    3 December 2013

    In our latest Pensions Bulletin, we examine two recent consultations from the Department for Work and Pensions which have thrown the spotlight on the gulf between defined benefit and defined contribution schemes and on the possibility of developing alternative ‘defined ambition’ designs to bridge the gap between them.

    The Bulletin also looks at some other recent developments, including new disclosure of information regulations and guidance from the Pensions Regulator on asset-backed contributions.

    We also flag key dates for your diary over the next quarter, including a breakfast briefing on 18 December on the Pensions Regulator’s consultation on a revised code of practice on defined benefit funding.

    Read more
    Auto-enrolment: the story so far
    30 September 2013

    October 2013 marks the first anniversary of the formal introduction of the new employer duties. In this note, we review developments since the largest companies have had to comply with the new duties, and look forward to what we can expect in the future.

    Read more
    2014/15 PPF levy consultation
    20 September 2013
    On 5 September 2013, the Pension Protection Fund (PPF) released a consultation document covering proposals for the 2014/15 levy. This is the last year of the first triennium in the PPF’s New Levy Framework under which the PPF intended that the rules used to calculate levies would be unchanged except in limited circumstances.

    Read more
    Update on tax protections
    10 September 2013
    Following the 2012 autumn statement announcement by the Chancellor of the Exchequer that the annual and lifetime allowances would be reduced again, in June 2013 HM Treasury and HM Revenue and Customs (HMRC) published a joint consultation on a new type of protection from the lifetime allowance, to be known as ‘individual protection 2014’. Also, in July, regulations were made, which are aimed at fixing some problems with the existing fixed protection regime.

    Read more
    Pensions Bulletin September 2013
    9 September 2013

    In our latest Pensions Bulletin, we examine the increased regulatory focus on defined contribution (DC) schemes, with a new code of practice from the Pensions Regulator for trust-based DC schemes, a DWP call for evidence on minimum DC quality standards and a review of scheme charging structures by the Office of Fair Trading.

    The Bulletin also looks at some other recent developments, including a recent European case on the recovery of VAT and the appointment of a new PPF insolvency risk provider.

    In addition, the Pensions Bulletin flags key dates for your diary over the next quarter, including some Punter Southall events.

    Read more
    Visit the Industry Insights page for news and views on the latest industry developments

 Online services

    PS Planner
    An interactive web-based retirement planning assistant for members of defined contribution pension schemes.
    Read more
    PS Prepare – an interactive auto-enrolment tool
    Our employer duties cost calculator which will help you quantify the true cost of your company’s auto-enrolment obligations from contributions through administration to reporting and compliance.
    Read more
    Visit the Online services area to access our full range of online modelling tools and facilities


    Improving Member Outcomes: Why It Should Matter to Employers
    30 April 2014
    Read more
    Improving Member Outcomes: Why It Should Matter to Employers
    8 May 2014
    Read more
    Budget 2014: Appealing pension options or too much flexibility?
    14 May 2014
    Read more
    A Streamlined Approach to Investment Decision Making
    3 June 2014
    Read more
    Visit the Events area for all forthcoming Punter Southall seminars, conferences and events
    Speak to us

    Speak direct to our specialists in this area
    Alan Morahan
    Or call us on
    020 3327 5000

 Auto Enrolment toolkit

Now available! For more information and to request a copy:
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