Auto enrolment for beginners

what employers must know and do now about their new pension obligations and NEST

Changes to pension law will soon require all employers to auto-enrol eligible workers and pay minimum contributions into their own qualifying pension scheme or the National Employment Savings Trust (NEST).

Changes to pension law will soon require all employers to auto-enrol eligible workers and pay minimum contributions into their own qualifying pension scheme or the National Employment Savings Trust (NEST).

Crucially it will be mandatory for all employers; even those who currently provide good pensions to their workforce will be affected and will need to make important changes. You need to start planning for the impact of the new law on your business now.

Recognising this is going to be a key issue for employers over the foreseeable future, EEF has teamed up with NEST to explain your new workplace pension duties clearly and simply, with a focus on what steps you need to take to get ready for the new law.

Who Should Attend?

  • Finance Directors
  • Managing Directors
  • HR Directors
  • HR Managers
  • Pension Managers
  • Payroll and Pay and Benefits Managers

(Delegates who attended EEF’s Auto enrolment and NEST seminars in 2011 should note that this year’s seminar will cover some of the same material.)

Why Attend?

NEST will be participating in the seminar, sharing their expertise and giving an introduction to how the NEST scheme operates. Attendees will:

  • Understand the new law and how auto-enrolment and opting-out works.
  • Be able to identify which workers are eligible to participate and the cost implications.
  • Know your requirements for providing informing and registering with the Pensions Regulator.
  • Learn what type of schemes can be used and what changes might be needed to any existing pension arrangements.
  • Find out how NEST can be used on its own or in a number of ways alongside other schemes 

Attendees will also receive a take-home pack, with materials explaining your new duties and a checklist to help you plan for the changes, from which you can design your own ‘to do’ list.

Programme

  • When auto-enrolment will apply to your business 
  • Which workers are eligible to join and how much do they need to earn 
  • What level of contributions you need to make 
  • Waiting periods and the one month joining window 
  • The right to opt out 
  • What information you must give to the Pensions Regulator, your chosen scheme and your workers 
  • What you are not allowed to say and do 
  • How to assess if your current scheme is appropriate 
  • What changes to your current scheme might be needed 
  • How to certify the scheme with The Pension Regulator Common situations when using NEST might benefit employers
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