.uk/actnow e’re all in.
14 CRAFTBUTCHER l MAY 2017
WORKPLACE PENSIONS
KEEPING RECORDS AND ONGOING DUTIES
AIGN_297X210_DEV Proof: 1 Operator: CH
ensured all their staff records were up to date and that they had the right processes in place to manage any changes in information. Aſter
automatically enrolling their eligible workers employers must continue to keep staff records up to date and keep details of the pension scheme they automatically
IN the months leading up to automatic enrolment, employers should have
enrolled staff into. Tese records need to be kept for a minimum of six
JOB N°: KH3152
years (except for records of opt-outs which you must keep for four years). Employers must also retain any opt-in, joining or opt-out notices they receive from your staff as this is proof that they have exercised these rights. All records must be kept
so they can be made available in a legible format so that the regulator can understand them, if it asks to see them. Employers who outsource
their business or pensions administration to a third party, still have the legal responsibility to make sure they follow the same rules as above. Teir records must be available to be provided to Te Pensions Regulator in a
timely manner.
ONGOING DUTIES Automatic enrolment is not a one off event. An employer’s automatic enrolment duties don’t just stop once they’ve enrolled all their staff – they become part of business as usual. Employers have to keep
paying contributions, keep up-to-date records for their staff, monitor any changes in age or earnings, and manage opt-in and opt-out requests. An employer must
calculate and pay their own contributions to their pension scheme on behalf of staff, as well as calculating, deducting and paying over their staff’s own
75 95 10
25
0 5
TruNet_Craft Butcher Advert_190x126mm_012017_prepress
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20