Workplace Pensions
27 July 2011
The Pensions Regulator has been in touch with pension scheme trustees to remind them of their responsibilities from 2012 onwards in connection with the law requiring employers to automatically enrol employees into pension schemes and arrangements by setting out a 5-step action checklist for trustees.
The Pensions Regulator expects trustees to:-
• know when they need to act
• start the planning process
• consider the impact of the new employer duties on their scheme
• get a team ready to assess and implement necessary changes
• tell scheme members about the changes
For more information, please contact:
Iain Talman, Colin Greig or June Crombie (0141 228 8000)
The information contained in this article is given for general information only, reflects the current law on the date of this article, and does not constitute legal advice on any specific matter