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08 Dec 2014

Consultation Begins On Simplifying Auto-Enrolment Rules

A consultation has recently been launched by the government to discuss its plans to update auto-enrolment legislation, the Employee Benefits website reports.

The consultation – entitled Technical Changes to Automatic-Enrolment: Consultation on Draft Regulations – is being conducted by the Department for Work and Pensions (DWP) and aims to help employers by simplifying the auto-enrolment process.

The draft proposals will include a number of measures, such as a new requirement for defined benefit (DB) pension schemes; streamlining requests for employers to provide information to their employees about auto-enrolment; and allowing some exceptions where employers don´t have to enrol a member of staff into a workplace pension in certain circumstances.

If the new plans are agreed, companies will no longer have to enrol employees whose savings are above the lifetime allowance and who have taken out fixed protection.

These exceptions would also apply to employees who hand in their notice within six weeks of an employer reaching its staging date; members who quit a scheme within 12 months of their auto-enrolment date; and those who can no longer be paid further pension accrual.

So far, a number of experts are praising the government´s efforts to make the process simpler for employers and organisations.

A response to the consultation will be published by the DWP in the New Year, with the regulations possibly coming into force in April 2015. This would amend the current Occupational and Personal Pension Schemes (Automatic-Enrolment) Regulations 2010.

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