Workplace Pension Re-enrolment – Don’t Ignore It!
Every three years you must put certain members of staff back into an automatic enrolment pension scheme. This is called ‘re-enrolment’.
Re-enrolment duties must be completed approximately three years after your automatic enrolment staging date.
You will also need to complete a re-declaration of compliance to tell us how you have completed your duties.
Re-enrolment and the re-declaration of compliance are legal duties and if you don’t act you could be fined.
There are 4 key steps to re-enrolment;
- Choose a re-enrolment date – You should do this now!
- Assess and re-enrol staff – You should do this on your re-enrolment date
- Write to staff you have re-enrolled – You must do this within six weeks of your re-enrolment date
- Complete your re-declaration of compliance – You must do this within five months of the third anniversary of your staging date
TPR (The Pensions Regulator) have put together this handy, step-by-step guide, which talks you through each of the 4 key steps mentioned above, ensuring you are fully compliant with the pension legislation.