The AE Process

Being an Employer is about to get harder!

In the simplest language possible, we are going to try and address the key issues for you. Below here are some ‘Quick-fire’ Q&A’s for you, but to understand how it will affect you, your company, and for focused guidance, you will need to follow the section below the tabs.

Quick Questions and Answers

What is the Auto enrolment process ?

PLEASE BE AWARE: This process can take up to two years to complete!
2016Summary
TO FIND OUT HOW to complete the declaration of compliance, please go here

Why is Auto enrolment being brought in ?
Essentially, everyone is living longer.

Following retirement, men are living 50% longer on average than just 30 years ago and women are living over 30% longer.

By 2050, those figures are projected to increase to

71% and 55% respectively.

In addition, there are more of us reaching retirement age, and somehow, we all have to pay for it!

If you want more detail at this stage, follow the link below:

Detailed FAQs
Who is affected ?
Everyone! – from 22 to Statutory Pension Age.

So ALL employees ordinarily working in the UK, within that age bracket, with qualifying earnings in excess of £10,000pa – it applies to them,

and therefore YOU!

Employees outside these parameters can also ‘opt-in’ under certain circumstances.

If you want more detail at this stage, follow the link below:

Detailed FAQs
When does this happen ?
Depends on the number of employees, but NOW for some!

There are in fact 53 different ‘Staging dates’ – the time by which you must comply. There are 4 distinct different key dates you should be targeting, depending upon the size of your company.

Start planning now – avoid the fines

There are special circumstances under which you can extend your Staging Date – but only for up to 3 months.

If you want more detail at this stage, follow the link below:

Detailed FAQs
Scheme options
This is where it gets really complex!

To Qualify, your scheme must achieve the following requirements:

  • Meet quality standards
  • Be an occupational. personal or stakeholder scheme.
  • Be tax registered.

There are many schemes available, the choice will be yours dependent upon your objectives with your employees, but there are 3 sets of criteria for any AE Scheme:

  • It must be Automatic enrolment
  • It must follow Qualifying Criteria.
  • It must achieve Quality requirements.

If you want more detail at this stage, follow the link below:

Detailed FAQs
How can you deal with it?
Fail to prepare. Prepare to fail!

This will take time. We estimate that you will require 12 months minimum to effectively and efficiently design, implement and start running your AE Scheme:

  • Know your ‘Staging Date’
  • Assess your workforce.
  • Review your pension arrangements.
  • Communicate the changes to all workers.
  • Automatically‘ enrol ‘elgible jobholders’.
  • Register with TPR and keep records.
  • Contribute to workers pensions.

We have a series of detailed flow charts and diagrams try and help you diagnose where you should be within each stage listed above.

If you want more detail at this stage, follow the link below:

Detailed FAQs
Compliance and Admin solutions
You will be punished for non-compliance!

The Regulator aims to deter and prevent employers from not complying.

  • Persistent or deliberate offenders will receive a £400 fixed penalty with escalating penalties of between £50 and £10,000 PER DAY! – dependent upon the number of employees.
  • Prohibitive recruitment conduct will attract fixed penalties between £1,000 and £5,000

I.T. Platforms can manage all your requirements.

  • Regulator reporting
  • Opt-in management
  • Opt-out management
  • Employee benefits and options management

If you want more detail at this stage, follow the link below:

Detailed FAQs
What can I do right now ?
We can provide you with a free consultation to assess your risk.

We have devised an online form you can complete which will determine a number of things.

  • What you already know.
  • What you don’t know.
  • What you need to do.
  • When you need to do it.
  • How we can help you to do it.

If you want complete this form now, FREE OF CHARGE, follow the link below:

Complete the Assessment Form
Create a plan!
You can create your plan right now on the Pension Regulator’s site:

Create your plan on The Pension Regulators Website

If you prefer to complete an Assessment form immediately, FREE OF CHARGE, follow the link below:
Complete the Assessment Form

Companies with 5 to 50 employees have IMMINENT Staging dates

If you have between 1 and 30 employees, it means you have until your assigned staging date to comply. You really need to have the process underway now.

Here's what you need to do.

If you want quickly to find out your exact compliance date (known as your Staging Date), go here and click on the second drop-down tab titled “What is the Timeframe for Employers, scroll down the list until you find the company profile that fits you, and your ‘Staging Date’ will be shown.

*Remember, Staging Date is when your scheme has to be IN PLACE, not started!*