With the pandemic continuing to impact businesses, The Pensions Regulator is reminding employers that their automatic enrolment (AE) duties apply as normal. Whether you are a large employer, a new employer with one or more employees, or a business owner who employs seasonal workers, AE duties will apply.
Impact of the Coronavirus Job Retention Scheme
Furthermore, the extension of the Coronavirus Job Retention Scheme (CJRS) will not affect these duties. The Pensions Regulator continues to assess and review its guidance in line with government support schemes.
Whether all or part of your staff continue to be placed on furlough or are newly placed on furlough as part of the extension of the CJRS, you have a duty to ensure that you continue to make correct pension contributions into your workplace pension on behalf of your staff.
Keep your contact details up to date
With re-enrolment deadlines on the horizon, The Pensions Regulator is reminding employers of the importance of keeping their contact details up to date so they don’t miss important messages about their AE duties.
Monitoring progress
One of the key points of focus for The Pensions Regulator is to protect savers, and they will continue to monitor employer compliance closely to ensure that staff receive the pensions they are entitled to. They will continue to monitor employer compliance closely to ensure non-compliant employers get back on track and their staff receive the pensions they are entitled to.
What you need to do
The Pensions Regulator has published guidance for employers outlining the actions you need to take, which includes information about government support for employers, questions around payroll processes and pension contributions, re-enrolment requirements, and what employers must do if staff ask to opt out or reduce contributions, as well as guidance for new employers. Read this guidance here.
For more information, visit www.tpr.gov.uk/employers.
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