Pension & Auto-enrolment
Black Dog HR Consultancy Ltd are able to act as a direct point of contact for your company and liaise with the Pension Regulator on your behalf – ensuring that you carry out your Safeguarding responsibilities in a timely manner and remain compliant.
The date your company will need to begin auto enrolment will mainly depend upon the size of your company.
The Pension Regulations will eventualy require all companies to offer a pension scheme, which contributes a minimum of 8% of the employee’s earnings into a pension.
The majority of employers will be able to phase the level of contributions made over a stipulated period – this is known as phasing.
Many employers may already have pension provisions for their workers. In this case, employers will need to check that the minimum pension requirements for auto enrolment are covered in their existing pensions. This process is called ‘certification’ of your current pension scheme.
To certify your current pension scheme, it must meet with specifics set out in The Pension Regulator or consider the alternative pension scheme they are offering – The National Employment Saving Trust (NEST).
For the purpose of the legislation an employer is defined as anyone who has a contract with a ‘worker’. The onus is on the employer to complete certain duties and safeguards when enrolling that worker into the pension scheme.
Black Dog HR Consultancy Ltd are able to act as a direct point of contact for your company and liaise with the Pension Regulator on your behalf – ensuring that you carry out your Safeguarding responsibilities and remain complaint with the new pension legislation.
Postponement of automatic enrolment is an option an employer has for up to three months, following their staging date.
The Pension Regulator is now legally entitled to carry out spot checks, receive complaints and carry out employee engagement meetings.They also have the authority to administer fines if employers are not acting in accordance with the safeguarding regulations and issue criminal investigations.
Employers that employ at least one worker will be expected to tell the Pension Regulator what they have done in order to comply with their duties as part of Auto Enrolment, when they receive their staging date. This is called “Registration” and needs to be carried out as soon as the employers have fulfilled the duties that are placed upon them throughout the new scheme.
Four months before the employers staging date they must provide certain pieces of information to the Pension Regulator.
Black Dog HR are able to assist by collating and communicating the information to the Pension Regulator on yor behalf in a timely manner.
The workplace pension’s reform introduces new duties and safeguards which employers must adhere to.
We will be sending out details to our retained clients shortly.
If you are not one of our regular clients and require any assistance, please do not hesitate to contact us.