Pensions Regulator Rules

Opinion

Pensions Regulator Rules

The Pensions Regulator has said that it has begun to help educate employers about what they must do to comply with the automatic enrolment reforms that take effect in October 2012.

In case you've missed it, the reforms require all employers to automatically enrol workers who meet specified criteria (aged at least 22 and under state pension age; working or ordinarily working in the UK and earning over £7,475) into a pension scheme and make contributions on their behalf. Other workers will have to be enrolled on request and the employer may also have to make contributions for them too. The reforms will be introduced over a period of four years starting in October 2012 with the duties applying to the largest employers first.

This was first published in June 2011

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