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NEST roadshow. Welcome. Introduction. Roy Porter Assistant director, distribution. #nestontheroad. Agenda. Welcome and introduction to the day Roy Porter Getting ready for automatic enrolment Nigel Pettinger Introduction to breakout sessions Breakout sessions Break.

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Presentation Transcript
slide2

Introduction

Roy PorterAssistant director, distribution

#nestontheroad

agenda
Agenda
  • Welcome and introduction to the day Roy Porter
  • Getting ready for automatic enrolmentNigel Pettinger
  • Introduction to breakout sessions
  • Breakout sessions
  • Break
  • Breakout sessions continue
  • Keynote speakerSteve Webb MP, Minister for Pensions
  • A view from The Pensions Regulator: time for deliveryJoanna Hancock, Design and Service Delivery Lead, Employer Compliance Regime
  • Q and A with representatives from NEST
paye schemes by stage oct 2012 to feb 2018
PAYE schemes by stage – Oct 2012 to Feb 2018

These figures are from the Pensions Regulator reflect the numbers of PAYE schemes not the numbers of employers. Employers may have more than one PAYE scheme.

paye schemes oct 2012 to feb 2014
PAYE schemes - Oct 2012 to Feb 2014

These figures are from the Pensions Regulator and reflect the number of PAYE schemes not the number of employers. Employers may have more than one PAYE scheme.

paye schemes oct 2012 to may 2015
PAYE schemes - Oct 2012 to May 2015

These figures are from the Pensions Regulator and reflect the number of PAYE schemes not the number of employers. Employers may have more than one PAYE scheme.

how are people using nest
How are people using NEST ?

12,000 non-managerial staff – high turnover, relatively low paid

2,000 staff in one business unit

5,000 people outside existing scheme

who s using nest
Who’s using NEST?
  • BBC
  • BT
  • Capita Resourcing Ltd
  • Compass Group UK & Ireland
  • Gondola Group
  • The JSA Group
  • McDonald's Restaurants Ltd
  • The Rank Group Plc
  • Travelodge

...and over 90 other major employers.

slide11

Getting ready for automatic enrolment

Nigel Pettinger

Director of customer services

#nestontheroad

dwp s staging and phasing plans
DWP’s staging and phasing plans

1 per cent employer contributions

2 per cent employer contribution

3 per cent employer contribution

Phasing

Employers with 250 or more staff

Employers with 50 to 249 staff

Employers with 30-49 staff

Employers with fewer than 30 staff

Staging

Apr 2014

Apr

2015

Aug

2015

Oct

2015

April 2017

Oct

2012

Feb

2014

Jan 2016

Oct 2017

Oct 2018

understanding what employers need to do
Understanding what employers need to do
  • Know the timelines – staging dates
  • Understand the regulations – TPR guidance
  • Get to grips with your legal duties
  • Set up your project team – including payroll
  • Assess your workforce structure
  • Review your current HR/payroll processes
employer journey
Employer journey
  • First you have to understand what you need to do to meet your duties. TPR’s guidance will help you do this. You can find this at tpr.gov.uk
  • Then get ready to use NEST. Follow our five practical steps to get started.
step 1 get your plans in place
Step 1: Get your plans in place
  • What is your implementation approach?
  • How will you communicate with your people?
  • How will you use waiting periods?
step 2 get your organisation ready
Step 2: Get your organisation ready
  • Set up online
    • Employer information
    • Delegates
    • Groups and payment details
  • Make changes to your business
  • Communicate
    • Keeping workers informed
    • Statutory communications
    • Scheme communications
step 3 assess and notify your workers
Step 3: Assess and notify your workers
  • Collect workforce data
  • Perform the assessment
  • Confirm enrolment approach
  • Deliver statutory communications
  • .... and plan re-assessments
step 4 enrol your workers
Step 4: Enrol your workers
  • Automatically enrol eligible job-holders
  • Identify workers who’ve opted in
  • Download and populate templates or create files
  • Upload member enrolment data
  • Record changes in HR / payroll
step 5 manage contributions and opt outs
Step 5: Manage contributions and opt-outs
  • Calculate and make deductions from payroll
  • Download and populate templates or create files
  • Submit a contribution schedule
  • Make payment, based on schedule
  • Manage opt-outs, cessations and leavers
slide24

Breakout sessions

How to assess the investment approaches of schemes

#nestontheroad

employer journey1
Employer journey
  • First you have to understand what you need to do to meet your duties. TPR’s guidance will help you do this. You can find this at tpr.gov.uk
  • Then get ready to use NEST. Follow our five practical steps to get started.
slide26

The wider picture

Dirk PatersonHead of corporate affairs

#nestontheroad

slide27

Keynote speaker

Steve Webb MP,Minister for Pensions

slide28

The view from the regulator

Joanna Hancock,The Pensions Regulator

slide29

Questions and answers

Mark Fawcett, CIOHelen Dean, managing director scheme development

Nigel Pettinger, director of customer services

Graham Vidler, director of communications and engagement

contact nest employers
Contact NEST - employers

If you’re an employer:

Email us at employer.enquiries@nestcorporation.org.uk

Call us on 0300 303 1949

If you’re an adviser:

Email us at intermediary.enquiries@nestcorporation.org.uk

Call us on 0300 303 1949

#nestontheroad

legal information
Legal information

© NEST Corporation 2012. All rights reserved. This information doesn’t constitute financial, investment or professional advice and shouldn’t be relied on.

We don’t make any personal recommendation or give advice to employers and their workers on how to make investment decisions. If you’re considering using NEST you might want to talk with an appropriately qualified financial adviser.

We don’t give any undertaking or make any representation or warranty that this document is complete or error free. We don’t accept responsibility for any loss caused as a result of any error, inaccuracy or incompleteness.

Any form of reproduction of all or any part of these slides is not allowed.