Auto Enrolment

Auto Enrolment & the Employer Duties at a Glance

When it’s happening

The employer duties started being introduced in stages from October 2012.

Employers need to identify their ‘staging date’ to determine when their duties first apply. This also sets the date for automatic re-enrolment.

The effect on pension schemes

Most employers will have to set up and contribute to a pension scheme suitable for auto enrolment. Auto enrolment schemes must meet three sets of criteria.

The effect on the workforce

Employers must assess their workforce to determine which types of worker they employ. Workers can be categorised as eligible jobholders, non-eligible jobholders or entitled workers.

Employer duties

Employers will have different duties depending on the types of worker they employ. They’ll need to automatically enrol some workers into an auto enrolment scheme and arrange membership of a pension scheme for others. They’re also responsible for the ongoing maintenance of the scheme and have an obligation to keep certain records.

The Pensions Regulator (TPR)

The employer duties are not optional. TPR will ensure that employers comply with their duties. Although TPR’s approach will be to educate and encourage compliance, employers will face substantial fines or even imprisonment if they don’t comply.

MBFS offers different levels of service to meet each employers needs as required

The first step is to have an initial meeting to discuss Auto Enrolment, the Employers duties and the steps with the Auto Enrolment legislation. This initial meeting will cost £200 + VAT but will be included against any Auto-Enrolment option taken up with Marrs Benson Financial Services.

Further services that can be utilised-

Ongoing service is charged on an hourly basis.