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occupational pensions
Setting up New Employees, Zero Base Structuring, Part-time Workers and Contracts of Employment
Another year nearly over – and what a year, especially for employers. The law has been tweaked here and there, and of course we have had a big reform of occupational pensions. But the most significant problems have been those arising from existing law. We have lots of evidence of managers getting into difficulties – [...]
Auto-Enrolment Legislative Framework Comes Together
At the start of the month, the DWP made available a raft of documentation and Regulations that help to complete the legislative framework for auto-enrolment, commencing for some employers this year. These are detailed below, with links to the final version of the Regulations. We have only offered the briefest of explanations in this Newsletter: [...]
Pensions Act 2011
The recently-enacted Pensions Bill gave us the Pensions Act 2011. Pensions will, undoubtedly, give us increased administration in the very near future, however, for payroll purposes, what does the Act give us that we did not already know? The key issues of the five main Parts of the Act are discussed below: Part 1 – [...]
DWP publishes its own workplace pensions language guide
DWP research suggests the best words to use when explaining how auto-enrolment…, sorry, automatic enrolment will work… In January 2011, the NEST Corporation published a phrasebook that was intended to put unfamiliar pension terms and expressions into more readily understandable English. The Department for Work and Pensions has now published its own language guide, which [...]
Choosing between occupational and workplace pension schemes
DWP response to “call for evidence” warns against choosing an automatic enrolment pension scheme based on assumptions that short service rules will not be changed. On 31 January 2011, the Department for Work and Pensions (DWP) published a “call for evidence” document to explore the regulatory differences between occupational and workplace personal pensions. It considered [...]
