Workplace pension re-enrolment made simpler with new online tool
18 July 2019
You will be able to re-enrol your staff into a workplace pension more simply following the launch of a new online resource by The Pensions Regulator (TPR).
The launch of the new re-enrolment tool comes at the same time as new TPR research shows business advisers continue to play a vital role in helping employers meet their automatic enrolment duties. The Adviser Engagement with Automatic Enrolment Survey 2019 results shows that:
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More than 92% of payroll administrators, bookkeepers and accountants
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62% of IFAs advisers
assist their small business clients with automatic enrolment.
Re-enrolment must be carried out every three years and it is a two-stage process. Firstly, employers must check whether they have any staff to re-enrol and ensure those who are eligible are put back into a pension scheme. They must then complete and submit their re-declaration of compliance.
So far, more than 176,000 employers have completed their re-declaration of compliance showing TPR how they have met their re-enrolment duties.
The majority of employers will not have the staff to re-enrol, however, they must still complete their re-declaration of compliance to confirm they have checked whether they need to re-enrol any of their staff, even if none were re-enrolled.
This is a legal requirement and failure to both assess and re-enrol eligible staff and make a declaration could result in a fine.