Regulatory challenges for g y g automatic enrolment Charles - - PowerPoint PPT Presentation

Regulatory challenges for g y g automatic enrolment

Charles Counsell Executive Director for automatic enrolment The Pensions Regulator Westminster Employment Forum 9 December 2014

This presentation remains the property of The Pensions Regulator and should not be reproduced without express permission

AE is here to stay and applies to all employers

• More than 4.8 million jobholders enrolled
• 99% of large employers complied without us needing to use our powers

99% of large employers complied without us needing to use our powers

• 36,600 employers so far have completed declaration of compliance

A d 30 000 l b t d t A t

• Around 30,000 employers – between now and next August

due to complete declaration of compliance

• From 2015-2018, around 1.3m employers to go

, p y g

This presentation remains the property of The Pensions Regulator and should not be reproduced without express permission

Regulatory challenges ahead

This presentation remains the property of The Pensions Regulator and should not be reproduced without express permission

What are the challenges?

• Advertising (TV & radio)

Awareness & understanding

• Advertising (TV & radio)
• Letters
• Business Advisors
• Online models

ucate

Scale

• Online models
• Advisory market
• Directed journey
• Guidance

Ed

Finding a scheme

• Guidance
• List of schemes
• Check early
• Use of payroll

able

Software

• Use of payroll
• Middleware
• TPR assessment tool
• Multiple standards

Ena

Leaving it too late

• Letter
• Case studies
• Behavioural change

force

• Use of TPR powers

Enf