Punter Southall: Preparing for 2012: consultation on auto-enrolment regulations

Punter Southall publishes its latest Pensions Update: 'Preparing for 2012: consultation on auto-enrolment regulations.'

In Brief

• The DWP has issued a consultation on the draft auto-enrolment regulations that will provide part of the package of reforms expected to come into force in 2012.
• The regulations cover the practical requirements for auto-enrolling members.
• This includes the option for schemes to postpone auto-enrolment if certain conditions are met, and the opt-out process, including the requirements for paying refunds.

Next steps

• Employers need to be aware of the proposals and start considering any changes that may need to be made to scheme design, scheme administration, and HR and payroll processes.

Ends

For further information, please contact:

Penrose Financial
 
Clare Murphy-McGreevey
020 7786 4834

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