Stephen Watson Managing Director, Watson French Ltd.

Outline auto enrolment – what it is Talk about your duties and responsibilities Highlight some potential pitfalls Offer you solutions and resources Answer your questions

More than a workplace pension

Your duties and obligations Nominate a point of contact with The Pensions Regulator Review existing workplace pension and/or set up a new workplace pension Decide definition of pensionable pay Choose default investment fund Assess your employees Communicate with employees

Your duties and obligations Enrol eligible jobholders Deal with opt outs Put safeguards in place Amend contracts of employment Keep records Complete the Declaration of Compliance

What does auto enrolment mean to you? A legislative demand More costs Extra work Pain in the neck

What does auto enrolment mean to your employee? Retirement Pension income Security Added benefits

A different perspective Employer - another demand But Employee – significant benefit

Making the right decisions for your workplace pension is vital

Moral responsibility Avoid potential for future complaints/liabilities.

Moral responsibility.

Future liability

What pension?

What can go wrong? Run out of time Forget the Declaration of Compliance Wrong definition of pensionable pay

What can go wrong? Fail to communicate with employees Poor communication with employees No records Workplace pension does not fulfil employees needs

Fines and penalties £40 to £10,000 Per day!

Don’t make a mess of it!

Do you understand the language? Postponement Default investment fund Self-certification Banded earnings Qualifying earnings Public Service Obligation Scheme

Do you understand the language? NEST Salary exchange Pay reference period Eligible jobholder Entitled worker Non-eligible jobholder

Information overload

Online solutions – A Chartered Adviser at your fingertips Accessible in your own time Interactive Up to date Cost effective Telephone helpline support

My Auto EnrolmentMy Auto Enrolment – Perfect Support