Pension Reform and Auto Enrolment
DON’T
PANIC!
• We are here to help• The majority of small and medium sized business
will stage in 2016 and 2017
Payroll Services Team –Working with our clients to provide a seamless service
• Importing variable data• Emailing password protected reports and payslips• Auto Enrolment Research
– Staging Dates– Assessment – Preferences
• New Clients
Employer Staging Dates
2013 2014 2015 2016 20170
100000
200000
300000
400000
500000
600000
700000
800000
900000
Employers Staging
2017
• 845,250 employers
• 230 working days
• 3,675 employers staging per day
• Will the systems cope?
• Prepare early
Getting Ready –Working with your IFA
(Independent Financial Advisor)
• Initial overview meeting • Choice of Pension Scheme • Assessing employees – data provision• Setting up the scheme and acting as agents• Scheme charges• Let us know and we can help you get there
Getting Ready – Communication to Employees
• Robinson Reed Layton can be a key part of your communications strategy for auto enrolment
• The standard letters from Sage use The Pension Regulator specified wording
• General notices can be sent to all employees any time in advance of your staging date
• Or can be emailed to employees’ home email addresses (with employees’ permission)
Pension Output
• Standard reports for major providers in place• Bespoke reports or interfaces can be produced on
request• Data is available in various formats:
CSV
Excel spreadsheets
Text Files
Paper copies→ File upload
Going Live – Calculating Pension and Producing
Enrolment letters
• Going live – this is the exciting part – now you are ready for go live!
• Once the staging date has been reached, we can assess all employees on your first live run
• Deduct contributions as per the scheme rules
• Postpone employees with pay spikes, new starters etc as per scheme rules
• Produce letters to employees who have been enrolled and postponed
Record Keeping and Administration
Paper Paper Paper Paper
Paper Paper Paper Paper
Paper Paper Paper Paper
Paper Paper Paper Paper• If you recognise yourself in this picture, it will only
get worse when you reach auto enrolment!
• By using Robinson Reed Layton’s services for Payroll and Pension processing, we can take this administrative burden away from you
Robinson Reed Layton & DCNHow we can help you
• Standard payroll processing & RTI• Pension assessment for auto-enrolment • Communications• Contribution calculation• Pension output• Record keeping
Pension Reform and Auto Enrolment
Question Time
www.rrlcornwall.co.uk/events