Regulatory challenges for g y g automatic enrolment Charles - PowerPoint PPT Presentation

Regulatory challenges for g y g automatic enrolment Charles Counsell Executive Director for automatic enrolment The Pensions Regulator Westminster Employment Forum 9 December 2014 This presentation remains the property of The Pensions Regulator and should not be reproduced without express permission

AE is here to stay and applies to all employers • More than 4.8 million jobholders enrolled • 99% of large employers complied without us needing to use our powers 99% of large employers complied without us needing to use our powers • 36,600 employers so far have completed declaration of compliance • A Around 30,000 employers – between now and next August d 30 000 l b t d t A t due to complete declaration of compliance • From 2015-2018, around 1.3m employers to go , p y g This presentation remains the property of The Pensions Regulator and should not be reproduced without express permission

Regulatory challenges ahead This presentation remains the property of The Pensions Regulator and should not be reproduced without express permission

What are the challenges? Advertising (TV & radio) Advertising (TV & radio) • • Awareness & understanding Letters • ucate Business Advisors • Online models Online models • • Ed Advisory market Scale • Directed journey • Guidance Guidance • • List of schemes Finding a scheme • able Check early • Ena Use of payroll Use of payroll • • Middleware • Software TPR assessment tool • Multiple standards • Letter • force Case studies • Leaving it too late Behavioural change • Enf Use of TPR powers •