AUTO-ENROLMENT MAY PROVE CHALLENGING FOR MOST BUSINESSES, BUT A NEW PENSIONS QUALIFICATION FROM THE CIPP WILL PROVIDE PROFESSIONALS THE NECESSARY KNOWLEDGE AND SKILLS
30 May 2012
The Chartered Institute of Payroll Professionals (CIPP) is advising employers to quickly become aware of the new pensions auto-enrolment legislation coming into force as it will have financial and operational implications.
It is with this in mind that the CIPP, Pitmans Trustees and Kaplan Professional Awards developed and launched the KPA level 3 Certificate in Pensions Administration last week which will ensure that businesses are ready to comply with new pensions legislation. Taking place at the House of Commons on 24 May, both the Pensions Minister Steve Webb and the Rt Honourable Lorely Burt, MP for Solihull helped unveil this new exciting qualification.
Lindsay Melvin, Chief Executive of the CIPP, said:
“It is vital that businesses recognise what their responsibilities are for auto-enrolment and put a strategy in place now. Understandably, payroll and pensions professionals have a lot on their plate in 2012, which includes not only the changes initiated under the Pensions Reforms but also preparing their organisations for the introduction of real-time information.
“But it is absolutely vital that employers are fully aware of what is expected of them as well as their staging dates because those who fail to comply with the new pensions regulations will be penalised and subjected to heavy fines.
“We are confident the newly launched KPA level 3 Certificate in Pensions Administration will provide graduates with the necessary knowledge and skills to ensure that their organisations are fulfilling their auto-enrolment obligations.”
To see press coverage of the launch of the KPA level 3 Certificate in Pensions Administration, click here.
For more information on this CIPP qualification, click here.