Think you have cracked auto enrolment? You may have chosen a pension scheme, enrolled the right people and notified The Pensions Regulator (TPR). What else can be left? Here are the top three things required to help you stay on track.
1. Re-enrolment and re-declaration
Every three years you must assess some of your staff again, even if they have previously opted out or reduced their contributions, as their situation may have changed. You may now need to auto enrol them. Importantly, you must also tell TPR that you have carried out your re-assessment or face penalties for non-compliance. Make sure you have read and followed TPR’s essential guide to re-enrolment and re-declaration. Continue Reading