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New research published this month by The Pensions Regulator shows that while levels of awareness of automatic enrolment remain high among all employers, more than 20% of those due to stage between June and November this year had not yet drawn up plans to meet their duties.
To support small and micro employers to meet their duties, The Pensions Regulator has recently updated their website specifically for small and micro employers so that it is easy to follow, making the process as smooth as possible. It now concentrates on the needs of those who don’t have the same time or resources as larger organisations, and are likely to need help with different parts of the automatic enrolment process – such as setting up payroll software and choosing a pension scheme. The new step-by-step online guide to automatic enrolment divided into 11 steps, enabling employers to work through one task at a time. The site navigation has also been updated to improve access to each step, as well as the opportunity to look at what’s ahead. Each step in the new guide tells employers when they should complete the task and how long they should expect it to take, as well as letting them know what’s next.
The guide also includes several tools and additional resources that will ultimately help small and micro employers put their staff into workplace pensions. The tools include an interactive planner and a pension contribution calculator, while among the resources are a video demonstration and brand new checklist to help employers keep track of their progress.
The step-by-step guide to automatic enrolment can be found at: http://www.thepensionsregulator.gov.uk/employers.aspx