Planning and implementation
Pounds & Pennies can help you in your planning and implementation of Auto Enrolment.
The key elements include:
- Assessing your Staging Date
- Considering and deciding on Postponement
- Initial communication with staff – direct (mailings) and indirect (posters etc)
- Initial assessment of the workforce – determining “Eligible Jobholders” etc
- Assessment of the different tiers – reviewing OPTIONS for the employer
- Determining the expected cost for the employer
- Review of alternative pension provider options
- Liaison with existing pension providers on whether they will continue (often they won’t)
- Communication to staff at enrolment (with opt-out forms etc)
- Processing all enrolled staff
- Processing initial opt-outs
- Registration with The Pensions Regulator
