Friday 18 October 2013

Auto-Enrolment – The Story Continues.

Following a consultation process new regulations making amendments to the Pension Auto-Enrolment Process will take effect from 1st November 2013.

I have commented previously on auto-enrolment and the obligations this imposes on employers.  The introduction of auto-enrolment has been phased and therefore, whilst these changes will not help the many larger employers who have already implemented the previous regulations, they will slightly benefit other employers who, because of their smaller size, have not as yet grappled with the process.

In particular I am pleased to note that there has been a slight easing in the approach to opt out notices.  Notwithstanding this slight relaxation of the rules, it is essential that all employers who will soon be facing an obligation to auto-enrol their employees have taken full and detailed advice and have the procedures in place so that they are ready to go at the relevant time.

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