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New campaign aims to continue to raise awareness of auto-enrolment

The Pensions Regulator (TPR) and The Department for Work and Pensions (DWP) have launched a new, dual-branded, auto-enrolment campaign. The campaign places emphasis on the importance of employees ‘getting to know’ their workplace pension scheme and employers ‘getting to know’ their responsibilities.

So far over 800,000 employers have enrolled around 8.7m employees into qualifying pension schemes. Now, with only a small number of new start-ups and micro-employers left to stage, the roll-out of auto-enrolment will conclude in February 2018. It’s conclusion will be followed by the first pension contribution increases in April 2018.

New auto-enrolment rules

As of 1st October 2017 those hiring staff for the first time on or after this date will not be issued a staging date. Instead, they will have immediate pensions duties to fulfil.

It therefore remains important to raise awareness of auto-enrolment amongst those yet to stage and new employers who may neglect to prioritise pensions.

New way of thinking for employers and employees

For employees, the campaign is intended to inspire a new way of thinking when it comes to saving for retirement. The Pensions Regulator and The Department for Work and Pensions want people to realise that ‘getting to know’ your pension doesn’t have to be daunting. Likewise, it should not be disregarded as something of little significance. The campaign aims to illustrate that being familiar with your pension is nothing to fear.

Employees, employers and new employers can find more information on the TPR/DWP webpage.

Here at George Hay we recognise that complying with new rules and efficiently handling payroll day-to-day can be a concern for many businesses. That’s why, on the back of successful sessions held previously, we’ve decided to hold a FREE payroll advice drop-in surgery: http://bit.ly/2x8Co1D

So, if you’re panicking about pensions duties, or anxious about the new auto-enrolment rules, we can help you take the first step towards making your payroll a priority. No appointments necessary, just turn up. We look forward to welcoming you!

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