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ARTICLE · 26 JUNE 2013

Auto-enrolment Update - What's New?

Wedlake Bell LLP
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On 1st October 2012 the first employers were required to auto-enrol their relevant workers into qualifying workplace pension schemes if they were not already in one.

United KingdomEmployment and HR

The story so far...

On 1st October 2012 the first employers were required to auto-enrol their relevant workers into qualifying workplace pension schemes if they were not already in one.

Currently those employers with 250 or more members on their PAYE system are being phased in to auto-enrolment.  From 1 April 2014 those employers with 50 – 249 members on their PAYE system will start to be phased in to auto-enrolment.  It is envisaged that this process for employers which currently have PAYE systems will be completed in April 2017.

It is still very early days, but so far the pensions industry has responded indifferently to the merits of auto-enrolment.  Many more views (and changes) are likely to emerge over the forthcoming months and years, but in the meantime it is encouraging to learn that the policy makers are listening and reacting to suggestions made.

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