AUTOMATIC ENROLMENT DRAFT REGULATIONS CONSULTATION
19 July 2011
Draft regulations to cement workplace pension saving reforms have been published which will underpin automatic enrolment. The regulations have been drafted to include changes to make it easier for employers to understand and operate their new duties.
The CIPP Policy team will be reviewing the consultation and will publish a survey for member input if deemed necessary.
The consultation period will run for twelve weeks, ending on 11 October and includes:
- amendments to existing legislation to reflect policy changes arising from the Making Automatic Enrolment Work Review, including measures to manage the burdens on business, such as allowing employers to apply waiting periods in respect of eligible jobholders;
- a series of minor amendments intended to clarify the policy and remove legislative obstacles; and
- draft guidance for persons certifying money purchase, personal pension and certain hybrid schemes.
It is proposed that these regulations will come into force in early 2012.