From October 2012, the largest employers started to auto-enrol staff into suitable pension schemes following the introduction of employer duties. The new regime is being phased in over a long period (more than 5 years), starting with the largest employers first.
All employers will need to review what pension arrangements they offer to their employees and, in many cases, changes will be necessary. Here at Punter Southall we have a range of expertise to provide the necessary advice and support during this process, whether it is reviewing your scheme design, advising on managing costs, ensuring your payroll and administration procedures remain compliant, or updating your member communications.
We have produced a series of straightforward and focused briefing notes to count down to the introduction of the employer duties and auto-enrolment, taking you through the issues that you need to consider. As the regime takes effect over a number of years, many employers’ plans may only be at an early stage, so we will continue to produce briefing notes in the countdown series.