21 February 2019 NEST roadshow Welcome

Introduction Roy Porter Assistant director, distribution 21 February 2019 Introduction Roy Porter Assistant director, distribution #nestontheroad

Agenda Welcome and introduction to the day Roy Porter 21 February 2019 Agenda Welcome and introduction to the day Roy Porter Getting ready for automatic enrolment Nigel Pettinger Introduction to breakout sessions Breakout sessions Break Breakout sessions continue Keynote speaker Steve Webb MP, Minister for Pensions A view from The Pensions Regulator: time for delivery Joanna Hancock, Design and Service Delivery Lead, Employer Compliance Regime Q and A with representatives from NEST

Gauging the scale of automatic enrolment 21 February 2019 Gauging the scale of automatic enrolment

PAYE schemes by stage – Oct 2012 to Feb 2018 21 February 2019 PAYE schemes by stage – Oct 2012 to Feb 2018 These figures are from the Pensions Regulator reflect the numbers of PAYE schemes not the numbers of employers. Employers may have more than one PAYE scheme.

PAYE schemes - Oct 2012 to Feb 2014 21 February 2019 PAYE schemes - Oct 2012 to Feb 2014 These figures are from the Pensions Regulator and reflect the number of PAYE schemes not the number of employers. Employers may have more than one PAYE scheme.

PAYE schemes - Oct 2012 to May 2015 21 February 2019 PAYE schemes - Oct 2012 to May 2015 These figures are from the Pensions Regulator and reflect the number of PAYE schemes not the number of employers. Employers may have more than one PAYE scheme.

21 February 2019 NEST’s ready to help

How are people using NEST ? 21 February 2019 How are people using NEST ? 12,000 non-managerial staff – high turnover, relatively low paid 2,000 staff in one business unit 5,000 people outside existing scheme

Who’s using NEST? ...and over 90 other major employers. BBC BT 21 February 2019 Who’s using NEST? BBC BT Capita Resourcing Ltd Compass Group UK & Ireland Gondola Group The JSA Group McDonald's Restaurants Ltd The Rank Group Plc Travelodge ...and over 90 other major employers.

Getting ready for automatic enrolment 21 February 2019 Getting ready for automatic enrolment Nigel Pettinger Director of customer services #nestontheroad

DWP’s staging and phasing plans 21 February 2019 DWP’s staging and phasing plans 1 per cent employer contributions 2 per cent employer contribution 3 per cent employer contribution Phasing Employers with 250 or more staff Employers with 50 to 249 staff Employers with 30-49 staff Employers with fewer than 30 staff Staging Oct 2012 Feb 2014 Apr 2014 Apr 2015 Aug 2015 Oct 2015 Jan 2016 April 2017 Oct 2017 Oct 2018

Employer duties - who qualifies for what? 21 February 2019 Employer duties - who qualifies for what?

Understanding what employers need to do 21 February 2019 Understanding what employers need to do Know the timelines – staging dates Understand the regulations – TPR guidance Get to grips with your legal duties Set up your project team – including payroll Assess your workforce structure Review your current HR/payroll processes

21 February 2019 Employer journey First you have to understand what you need to do to meet your duties. TPR’s guidance will help you do this. You can find this at tpr.gov.uk Then get ready to use NEST. Follow our five practical steps to get started.

Step 1: Get your plans in place 21 February 2019 Step 1: Get your plans in place What is your implementation approach? How will you communicate with your people? How will you use waiting periods?

Step 2: Get your organisation ready 21 February 2019 Step 2: Get your organisation ready Set up online Employer information Delegates Groups and payment details Make changes to your business Communicate Keeping workers informed Statutory communications Scheme communications

Step 3: Assess and notify your workers 21 February 2019 Step 3: Assess and notify your workers Collect workforce data Perform the assessment Confirm enrolment approach Deliver statutory communications .... and plan re-assessments

Communications – who gets what? 21 February 2019 Communications – who gets what?

Employer notices

Step 4: Enrol your workers 21 February 2019 Step 4: Enrol your workers Automatically enrol eligible job-holders Identify workers who’ve opted in Download and populate templates or create files Upload member enrolment data Record changes in HR / payroll

Step 5: Manage contributions and opt-outs 21 February 2019 Step 5: Manage contributions and opt-outs Calculate and make deductions from payroll Download and populate templates or create files Submit a contribution schedule Make payment, based on schedule Manage opt-outs, cessations and leavers

Three ways for members to opt out Online Telephone Post

Breakout sessions How to assess the investment approaches of schemes 21 February 2019 Breakout sessions How to assess the investment approaches of schemes #nestontheroad

21 February 2019 Employer journey First you have to understand what you need to do to meet your duties. TPR’s guidance will help you do this. You can find this at tpr.gov.uk Then get ready to use NEST. Follow our five practical steps to get started.

The wider picture Dirk Paterson Head of corporate affairs 21 February 2019 The wider picture Dirk Paterson Head of corporate affairs #nestontheroad

Keynote speaker Steve Webb MP, Minister for Pensions

The view from the regulator Joanna Hancock, The Pensions Regulator

21 February 2019 Questions and answers Mark Fawcett, CIO Helen Dean, managing director scheme development Nigel Pettinger, director of customer services Graham Vidler, director of communications and engagement

Contact NEST - employers 21 February 2019 Contact NEST - employers If you’re an employer: Email us at employer.enquiries@nestcorporation.org.uk Call us on 0300 303 1949 If you’re an adviser: Email us at intermediary.enquiries@nestcorporation.org.uk #nestontheroad

Legal information © NEST Corporation 2012. All rights reserved. This information doesn’t constitute financial, investment or professional advice and shouldn’t be relied on. We don’t make any personal recommendation or give advice to employers and their workers on how to make investment decisions. If you’re considering using NEST you might want to talk with an appropriately qualified financial adviser. We don’t give any undertaking or make any representation or warranty that this document is complete or error free. We don’t accept responsibility for any loss caused as a result of any error, inaccuracy or incompleteness. Any form of reproduction of all or any part of these slides is not allowed.