If you’ve received a letter from The Pensions Regulator about staff re-enrolment, then don’t worry – you’re not alone. Every three years it’s a requirement for employers to register certain employees back into an Auto-Enrolment Pension Scheme, which The Pensions Regulator calls ‘re-enrolment’. A company’s duties in the re-enrolment procedure will depend on whether it has staff to put back into the pension scheme or not.
If you have employees to re-enrol in your workplace pension scheme, It’s important that this exercise is completed approximately three years after your auto-enrolment staging date. It is a strict legal requirement, so be sure to act upon it or risk a potential fine. Each company will also need to do a re-declaration of compliance that informs The Pensions Regulator how it has met its duties.
If your company is undergoing re-enrolment, here are the four stages you need to complete:
Choose your re-enrolment date. This can be any time between three months before or three months after the third anniversary of your staging date – please note that you can’t use postponement.
Assess and re-enrol your staff. You have six weeks from your re-enrolment date to do this.
Write to your staff to inform them they’ve been re-enrolled. Again, you have six weeks from your re-enrolment date to do this.
Complete your re-declaration of compliance. You have five months from your third anniversary of your staging date to do this.
For more information or advice, please contact us on email@example.com or visit www.thepensionsregulator.gov.uk