This document summarizes key information about auto enrolment requirements in the UK. It discusses the Pensions Regulator getting tougher with enforcement, including issuing escalating fines from £50-£10,000 per day for noncompliance. It also highlights that over 70 items must be addressed before, at, and after an employer's staging date for auto enrolment. Finally, it promotes Johnson Fleming's managed and supported auto enrolment services to help employers meet their legal obligations.

1. Auto Enrolment in 2015

2. What we will cover
• What is auto enrolment
• Introducing Johnson Fleming
• Market developments
• The regulator gets tough
• The solution(s)
• Next steps

3. Quick introduction
Partner with

4. Introducing Johnson Fleming

5. Customer service: Excellence comes as standard

6. Tried, tested & proven…..
• Combined pensions experience of 65 years
• Staged over 75,000 employees
• Completed over 700,000 assessments
• Sent over 126,000 auto-enrolment communications

7. 32 new employer responsibilities
1. Employer duties and defining the
workforce
2. Getting ready
3. Assessing the workforce
• Postponement
• Transitional period for DB and
hybrid
• Having completed the assessment
4. Pension schemes
5. Automatic enrolment process
6. Opting in, joining and contractual
enrolment
7. Opting out
8. Safeguarding individuals
9. Keeping records
10. Information to workers
11. 11. Automatic re-enrolment

8. Guidance
52separate
guidance
notes

9. Over 70 items to address before, at and after your staging date
On the Openwork adviser hub

10. Obligation – Who to enrol
7
makecontributions
qualifyingscheme
nage.
s’.
f £10,000 applies
devery year by
workersif they ask
s,alsoknown
non-eligible
etomake
ifyingearnings,
Earningsfrom £10,000
Eligible jobholder
Earningsbetween £5,824
and £10,000
Non-eligible jobholders
Earningsup to £5,824
Workerswithout
qualifyingearnings
Earningsbetween £5,824
and £10,000
Non-eligible jobholder
Age22 toStatePensionage Age16-22 orStatePensionage- 75
Earningsup to £5,824
Workerswithout
qualifyingearnings

11. Obligations – how much to contribute
Oct 2012 Oct 2017 Oct 2018 onwards
2.4 per cent worker
2 per cent worker
0.6 per cent tax relief
1 per cent tax relief
4 per cent worker
3 per cent worker
0.2 per cent tax relief
1 per cent worker
0.8 per cent worker
9%
8%
7%
6%
5%
4%
3%
2%
1%
0%

12. Obligation – assessing the workforce
Month 1 Month 4Month 3Month 2 Month 5 Month 6
£
W
A
G
E
S
Basic Basic Basic Basic Basic Basic
£833

13. Obligation – assessing the workforce
Month 1 Month 4Month 3Month 2 Month 5 Month 6
£
W
A
G
E
S
Basic Basic Basic Basic Basic Basic

14. Obligation- enroll employees into a qualifying scheme

15. What about NEST?
• Does not fulfill employers obligations
• Charges
• Restrictions
• Investment
• Flexibility
• Government financed not endorsed

16. Qualifying Workplace Pension Scheme

17. Why are we doing this?

18. Meet Average Joe
He is 35 and intends to retire at 65
Earning national average earnings
£25,000 (assumes salary uplift 1.5%)

19. Due to auto-enrolment
Joe’s & his employer will contribute
£59,821.64
Assumes 8% contributions for 30 years

20. …and with a bit of growth (3.5%)
£102,567

21. …and Joe works with 20 others
£2,000,000 +

22. When do I stage?
If you don't know your PAYE reference, it can be found on a P6/P9 coding notice or on
your white payslip booklet P30BC.
If you don't pay your staff through a PAYE scheme, your staging date will be 1 April 2017.
Step 1: Enter your PAYE reference:
• Tip: An example of a PAYE reference is 913 / WZ5121A. In this example you'd enter
'913' and 'WZ5121A'. Take care not to confuse numbers with letters; zero and the
letter 'O' look very similar!
Step 2: Enter the words/digits displayed below and then select 'Show my staging date'

23. 2015 the year of auto enrolment
2012 –
2014/15
43,538
2015/16
152,900
2016/17
617,000
2017/18
533,00

24. The next 12 months
April -
June October -
December
January –
March 16
15,000
110,000
2016/17
617,000

25. The scale in perspective
1960-2014
2015
alone

26. The Pensions Regulator is flexing its muscles…
2437
investigations
58% contained breaches

27. A change of approach … you have been warned!

28. The Pensions Regulator is flexing its muscles…
£400 statutory notice……..
Now issued escalating
fines from £50 - £10,000
PER DAY!

29. The cost of getting it wrong
£1,000’s
And that’s without fines ……

30. Over 70 items to address before, at and after your staging date

31. The burden
TIME CAPABILITY RISK

32. What is your key driver?

33. Solution.
‘become your clients lifeline’

34. Managed auto-enrolment service
What’s included:
• Project management
• Data validation
• Assessment & categorisation
• Communications
• Opt out & in
• Update payroll & provider
• Register
• Audit and record keeping

35. Supported auto-enrolment
service
What’s included:
• Project management
• Data validation
• Assessment & categorisation
• Communications
• Opt out & in
• Partial record keeping
• Audit

36. Not all are created equal…….

37. Initial
set up
£1,075
Ongoing administration
MAES
From £195+ vat per month
SAES
From £ 2.00 + vat
Per member per month

38. When should I start?
• No need to wait till
staging!
• Secure the resource
• Spread the cost
Don’t delay - Speak to your adviser today

39. Staff pressure
In time, enough people who pay into
the pensions (the staff) will start asking
some questions about where their
money is going.

40. Financial impact
Decisions will come under scrutiny
including those who influenced them…
…and those who seek to empower
employees to obtain restitution abound.
2

41. www.pensionlawyer4u.com
3

42. Questions?
Ladies and gentleman
thank you for listening

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Past performance is not a guide to the future. Potential for profit is accompanied by the possibility of loss. The value of investment funds and
the income from them may go down as well as up and investors may not get back the original amount invested.
The content of this presentation is for information purposes, it does not represent personal financial advice and is not recommendation that
contributions to the Group Personal Pension Plan will meet all of your future financial requirements for retirement.
If you have any doubts as to whether the content of this presentation meets your personal needs you should seek independent financial advice.
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