The Pensions Regulator update

02 August 2016

The Pensions Regulator has a number of updates for business advisers including dates for upcoming events.

Your clients’ automatic enrolment (AE) questions answered

We’ve just launched a new section on our website where you and your clients can find information on the most commonly asked AE questions. Have a look at it here. The questions are based on the calls we get from employers, so you can see what your clients want to know about.  We’ll keep adding to this section as we get more questions in – you can also let us know what you’d like to see featured in this section by emailing us.

 

Regulation updates – watch our webinar

Make sure you keep up to date with the regulation changes that have been made this year by watching this recording of our recent business adviser webinar. A record number of you signed up to watch our AE experts answer your questions and bring you up to speed on the latest news. We’ll be running another one soon, so watch out for the registration details in a future News-by-email

 

How many of your clients have six months to go?

This month, we’re writing to over 95,000 small and micro employers with less than six months to go until their staging date to tell them it’s time to choose a pension scheme. Lower paid staff only get tax relief from the government in certain types of pension scheme, so this is one of things you’ll need to consider if you’re helping your clients choose a scheme. Find out more.

 

September events in Edinburgh and Nottingham

Please join us this September for one of our half day business adviser events, where you can find out about the latest regulation changes and how you can help your clients comply with their legal duties. We’re offering morning and afternoon sessions on 6 September in Edinburgh and 14 September in Nottingham. Register for either event now.

 

Join our expert panel for a live online Q&A

Our popular LinkedIn Q&A session is back! Please join us from 10 – 11am on 9 August where you can ask us about any aspect of automatic enrolment. Last time we answered questions on topics including re-enrolment communications, Limited Liability Partnerships and postponement. In order to participate, you’ll need to join our LinkedIn group before the Q&A and post a question in the same way as you would start a discussion.

 

Stat of the month: 12,000

 

It’s time for 12,000 large employers to re-enrol their staff this year. Re-enrolment happens every three years and it’s important to plan ahead. Find out what you need to do.

 

New Code of Practice for DC schemes

The Pensions Regulator’s new code of practice for defined contribution (DC) pension schemes, which sets out the standards that pension trustees need to meet to comply with legislation came into force on 28 July 2016.  The code, which applies to all schemes offering money purchase benefits, is supported by a series of 'how to' guides that provide more detail on how trustees can meet those standards in practice. TPR has also produced a tool to help trustees to assess their scheme against the standards in the code, so that they can identify areas requiring improvement.