New web guide launched to help small and micro employers plan for AE
Monday 23 March 2015
A new step-by-step guide to help small businesses get ready for their automatic enrolment duties has been launched today by The Pensions Regulator.
Go to the step-by-step guide to automatic enrolment.
The online guide has been written specifically for employers with between one and 50 staff, many of whom will have limited pensions experience. The guide explains how to complete key tasks such as knowing when to be ready, providing a point of contact for the regulator, checking who needs to be enrolled and creating a plan of action.
The 11-step guide will walk employers through their legal requirements and is part of a number of measures taken by the regulator to ensure small and micro employers have easy access to the information they will need to comply. The online guide also contains essential information tailored for the needs of employers of carers and also director-only companies.
Executive director for automatic enrolment Charles Counsell said: “We are determined to do all we can to reach out to all small and micro businesses preparing for their automatic enrolment duties. We want to make the process as simple as possible so that employers can avoid the risk of non compliance.
“Our new online 11-step guide is a key part of a wide package of measures we are rolling out to give more than a million employers all the information they need, written and produced in a way they makes sense to them.
“Our message to employers is ensure you know when your automatic enrolment duties begin and start planning in good time. The regulator’s website should be the first port of call for all employers and their advisers as it offers essential information about each task an employer will need to accomplish in order to comply and avoid penalties.”
In addition to the updated online information, all 1.5 million small and micro businesses are to receive letters from The Pensions Regulator in the coming months as part of a UK-wide campaign to alert employers to their duties.
The majority of small businesses are expected to turn to their business advisers for help and shortly, the regulator will also be launching a new online business adviser hub so that they will have all the information they need to help their clients.
The new look online guide, national letter campaign, bespoke essential guides and business adviser hub are part of a package of communications targeted at small and micro employers and their advisers. The measures run alongside a national radio and online advertising campaign launched earlier this year and experts from the regulator’s Industry Liaison Team continue to travel the country to meet employers and advisers providing technical help with automatic enrolment.
The Pensions Regulator is the regulator of work-based pension schemes in the UK. We have objectives to: protect members’ benefits; reduce the risk of calls on the Pension Protection Fund (PPF); to promote, and to improve understanding of the good administration of work-based pension schemes; to maximise employer compliance with automatic enrolment duties; and to minimise any adverse impact on the employer’s plans for sustainable growth (in relation to the exercise of the regulator’s functions under Part 3 of the Pensions Act 2004 only).
Ciara Bridge-Butler 01273 662018