Series of guides to new pension requirements available from Jelf Employee Benefits
A series of guides has been developed by Jelf Employee Benefits to help employers through the ever-changing landscape of pensions. The series, called ‘Making sense of workplace pension reforms’, directly mirrors the nine sections of The Pension Regulator’s guidance for professional advisers, but makes the topics accessible and understandable for employers and is now freely available on their dedicated auto enrolment site.
The full series covers the following topics:
1. An overview of new employer duties and how to assess your workforce
2. Getting ready
3. Assessing your workforce
4. Pension schemes
5. Automatic enrolment
6. Opting in, joining and contractual entitlement
7. Opting out
8. Safeguarding Individuals
9. Keeping records
The new requirements apply to all employers with UK workers regardless of size or industry sector, and are the most significant change to workplace pensions the UK has seen.
Alan Millward, corporate benefits director of Jelf Employee Benefits says: ‘Employers need to get to grips with what this new legislation means to them in practice and our guides help them to do just that. There is a lot of information available but it isn’t always easily accessible or particularly user-friendly, the series we have developed addresses these issues and really helps the employer through this maze of new legislation.
‘We can’t emphasise strongly enough how employers need to start planning for these changes right now. There is growing evidence that many employers either don’t fully understand the implications for their business or they are underestimating the complexity and time it will take to embed these unavoidable changes in their company.’
The guides form part of Jelf Employee Benefits’ holistic approach to look after the complete pension journey, with the guides helping to ensure employers are up to speed on the important changes in pensions legislation and how it will impact on their business and staff.
View the guides here.