This guide covers employer and trustee responsibilities, processes, records and reports required, and how to open, wind up or change a pension scheme.
In addition, all employers will have to provide workers with a qualifying workplace pension by 2018. The largest employers started doing this in October 2012 and small and micro employers should now also be complying. Starting with the largest employers first, since October 2012 employers are required to automatically enrol eligible workers into a qualifying pension scheme, if they are not already in one. Since 1 October 2017, new businesses will no longer be given a date, known as a staging date, when their automatic enrolment duties start. Instead, they will have duties as soon as they employ someone for the first time. Before 1 October 2017, employers were given a staging date, the last of which was reached in February 2018.
This guide also covers the implications of these changes on your company pension scheme.