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Pensions Administration. Lynn Wright Pensions Administration Manager. Pensions Administration. Legislation changes Workloads - key figures 2014 scheme Automatic enrolment Communications Next year. Legislation changes. Amendment regulations 2011 Pensions Increase regulations.

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pensions administration
Pensions Administration

Lynn Wright

Pensions Administration Manager

pensions administration1
Pensions Administration

Legislation changes

Workloads - key figures

2014 scheme

Automatic enrolment

Communications

Next year

legislation changes
Legislation changes

Amendment regulations 2011

Pensions Increase regulations

2014 scheme
2014 Scheme

Implementation

Administration

Communication with members

automatic enrolment
Automatic enrolment

YOUR RESPONSIBILITIES:

Know your staging date

  • assess your workforce and identify who to automatically enrol
  • choose a pension scheme
  • register with the regulator
  • provide workers with information about the changes
  • process any opt-out and opt in notices
  • make contributions
  • avoid inducements and prohibited activity
  • keep accurate records
communication
Communication

Employer liaison meetings

End of year returns

Helpdesk

Correspondence

employer liaison meetings
Employer liaison meetings

Held: 20th July 2011; 10th January 2012; 16th July 2012

Next one: 13th January 2013

Covering: legislation updates

tax changes

auto-enrolment

retirement process

absence

end of year returns
End of year returns

29 submitted by deadline (21st April)

67 by the end of April

Data cleanse paid dividends

Even less queries than last year – 96% reduction in one employer alone

helpdesk
Helpdesk

2011/12

10,287 calls received  0.5%

8,235 e-mails  12.5%

Performance measured

Quality monitored

communication1
Communication

Annual benefit statements

Presentations

Correspondence

next year
Next year

Triennial valuation

Automatic enrolment

Consultation on 2014 scheme

Regulations expected March 2013