The guide addresses changes to the pensions landscape that could impact scheme suitability such in the run up to the start of three-year automatic pension re-enrolment deadlines in 2015, the charge cap and the abolition of AMDs and commission.
The guide – Changing Your Auto-enrolment Support – explains how and why employers should review and transitioning support options before significant legislation changes set to be enforced next year.
Topics covered include transferring your data, data requirements and accessibility, format and fit, maintaining audit history, communicating the change and processes and integration.
Johnson Fleming consultancy director Iain Chadwick says: “As we approach the two-year milestone of auto-enrolment, employers are increasingly realising that getting to the staging date was the easy part.
“With the total removal of commission from pension related products and services and the introduction of the pension charge cap, all coinciding with the three year re-enrolment window, many employers will need to review their support options to ensure they are not in contravention of the new rules.
“It is also an opportune moment for employers to take a retrospective look back over the decisions they made at the start of the auto-enrolment process, to ensure that their system is fit-for-purpose and that auto-enrolment has met their objectives.”
