automatic enrolment

Milestone for workplace pensions regulation as TPR launches new approach

An increasing number of workplace pension schemes will come under greater scrutiny from The Pensions Regulator (TPR) from next month as part of a significant shift in its approach to protect savers. To reflect major changes in the political, economic and pensions landscape, TPR will be working proactively with more pension schemes through a new range of interventions to address

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Automatic enrolment is business as usual with vast majority of staff now saving

The vast majority of staff across the UK are now saving for their retirement thanks to the success of automatic enrolment. A report published by The Pensions Regulator (TPR) shows workplace saving continues to rise with 84% of employees now saving into a workplace pension, an increase from 77% last year. TPR’s annual commentary and analysis report (PDF, 1693kb, 41 pages),

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Pensions dashboard back on government agenda

The government is to go ahead with its plans to support a pensions dashboard, which will bring together information about all of an individual’s pension pots in one place. The creation of a pensions dashboard was originally announced by the then-Chancellor George Osborne in 2016, who said it would be up and running in 2019. Subsequently, responsibility for the dashboard

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Petition to save pensions dashboard plan

An online petition to stop the government scrapping its planned pensions dashboard designed to help millions of people keep track of their pensions has attracted over 143,000 signatures in the month it has been open. Hosted on the 38 Degrees website, the petition is addressed to welfare secretary Esther McVey, and has been set up in response to an article

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Regulators warn public of pension scammer tactics as victims report losing an average of £91,000 in 2017

A new campaign to tackle pension scams has launched as the latest figures reveal that victims of pension scammers lost an average of £91,000 each in 2017. The Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) have joined forces to urge the public to be on their guard when receiving unexpected offers about their pension and to check who

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Recruitment firm bosses posed as staff to stop workers getting pensions

Senior staff at a national recruitment agency tried to save money by impersonating their temporary workers to opt them out of their workplace pension scheme. Workchain Ltd owners and directors Phil Tong and Adam Hinkley encouraged five senior staff at the company to get the temporary workers out of the scheme so the company could avoid making pension payments on

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Automatic enrolment key messages

For new employers and start up businesses If your clients have recently become an employer, it’s important they don’t forget to tell The Pensions Regulator who their nominated key point of contact is. Research by The Pensions Regulator indicates that employers who nominate a key point of contact are more likely to comply with their duties and less likely to

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Assets to be seized from employers that snub workplace pension fines

Employers that refuse to pay workplace pension fines could have their assets seized to pay their debts. The Pensions Regulator (TPR) issues fines to employers that fail to meet their automatic enrolment duties and can secure court orders if the debts are not paid. TPR is to now appoint High Court Enforcement Officers (HCEOs) to enforce court orders in England

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The Pensions Regulator: Important update about the Government Gateway

The Pensions Regulator (TPR) is no longer using Government Gateway as the authentication process for the Declaration of Compliance portal. Instead, employers and advisers will log in to the portal via TPR’s own system. To ensure that the changes are user friendly, a series of testing and research has been conducted over the past year. The key changes to note

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