2015 New Pension Scheme Implementation Programme Employer Engagement Event March 2014

2015 New Pension Scheme Implementation Programme Employer Engagement Leads Julie Stevens – Employer Engagement Lead The Pensions Schemes Executive - Cabinet Office Phil Starling – Employer Engagement Lead MyCSP Mailbox 2Employer Engagement Event

2015 New Pension Scheme Implementation Programme Employer Engagement Leads 3Employer Engagement Event Support Engage Report Monitor Eyes and Ears Escalate

2015 New Pension Scheme Implementation Programme Contents 4Employer Engagement Event Introduction and Ice Breaker Employer Engagement Scheme Provisions, System & Process Changes Data cleanse Options exercise Communications Introduction and Ice Breaker Employer Engagement Scheme Provisions, System & Process Changes Data cleanse Options exercise Communications

2015 New Pension Scheme Implementation Programme 5Employer Engagement Event Discuss how we will engage and support you through the 2015 Scheme implementation Aims

2015 New Pension Scheme Implementation Programme 6Employer Engagement Event Turn on your keypad Press down MENU button for a few seconds and the word Ready will appear.

2015 New Pension Scheme Implementation Programme 7Employer Engagement Event Use the down arrow to scroll down to highlight your selection.... Make your selection…

2015 New Pension Scheme Implementation Programme 8Employer Engagement Event Confirming your answer… Then press the SEND key

2015 New Pension Scheme Implementation Programme 9Employer Engagement Event How did you travel here today? A.Car B.Public transport C.On foot

2015 New Pension Scheme Implementation Programme 10Employer Engagement Event How are you feeling this morning? Tired/sluggish Up for it! 12345

2015 New Pension Scheme Implementation Programme 11Employer Engagement Event How much do you know about the support we will offer you in implementing the 2015 arrangements? Very little Everything 12345

2015 New Pension Scheme Implementation Programme Employer Engagement

2015 New Pension Scheme Implementation Programme Employer Engagement Event13Employer Engagement Event

2015 New Pension Scheme Implementation Programme 14Employer Engagement Event How would you like us to support you? support

2015 New Pension Scheme Implementation Programme 15Employer Engagement Event Events Strategy Readiness Guide Employer Impacts Payroll Specification Payroll Specification Enhanced Data Validations Self Assessment Readiness Checks Readiness Checks EPNs Conference Calls

2015 New Pension Scheme Implementation Programme 16Employer Engagement Event Bill…...is concerned.

2015 New Pension Scheme Implementation Programme 17Employer Engagement Event What should he do?

2015 New Pension Scheme Implementation Programme 18Employer Engagement Event Events Strategy Readiness Guide Employer Impacts Payroll Specification Payroll Specification Enhanced Data Validations Self Assessment Readiness Checks Readiness Checks EPNs Conference Calls

2015 New Pension Scheme Implementation Programme 19Employer Engagement Event

2015 New Pension Scheme Implementation Programme 20Employer Engagement Event Sid.. …is too busy

2015 New Pension Scheme Implementation Programme 21Employer Engagement Event Events Strategy Readiness Guide Employer Impacts Payroll Specification Payroll Specification Enhanced Data Validations Self Assessment Readiness Checks Readiness Checks EPNs Conference Calls

2015 New Pension Scheme Implementation Programme 22Employer Engagement Event

2015 New Pension Scheme Implementation Programme 23Employer Engagement Event Bill... Knows what to do Who to contact

2015 New Pension Scheme Implementation Programme 24Employer Engagement Event Data Cleanse Options Exercise System and Process ChangesMigrate Members

2015 New Pension Scheme Implementation Programme 25Employer Engagement Event 31 st May 2014 October st of April 2015

2015 New Pension Scheme Implementation Programme 26Employer Engagement Event

2015 New Pension Scheme Implementation Programme 27Employer Engagement Events

2015 New Pension Scheme Implementation Programme Scheme Provisions

2015 New Pension Scheme Implementation Programme 29Employer Engagement Event Events Strategy Readiness Guide Employer Impacts Payroll Specification Payroll Specification Enhanced Data Validations Self Assessment Readiness Checks Readiness Checks EPNs Conference Calls

2015 New Pension Scheme Implementation Programme 30Employer Engagement Event Arrears of pay Normal Pension Age to State Pension Age Normal Pension Age to State Pension Age Effective Pension Age (EPA) Final Salary Link Re-joiners Scheme Differences Ill-Health Retirement Test

2015 New Pension Scheme Implementation Programme 31Employer Engagement Event Arrears of Pay Different from nuvos Arrears of pay allocated to period earned not when they are paid Contribution rate always applicable in the year the earnings are paid Different from nuvos Arrears of pay allocated to period earned not when they are paid Contribution rate always applicable in the year the earnings are paid

2015 New Pension Scheme Implementation Programme 32Employer Engagement Event Effective Pension Age New product Additional contributions, buy a lower pension age Linked to NPA Buy whole years up to 3 years Never lower than NPA of 65 New product Additional contributions, buy a lower pension age Linked to NPA Buy whole years up to 3 years Never lower than NPA of 65

2015 New Pension Scheme Implementation Programme 33Employer Engagement Event Normal Pension Age and Effective Pension Age REDUCED UNADJUSTED ENHANCED NPA EPA Links to State Pension Age

2015 New Pension Scheme Implementation Programme 35Employer Engagement Event Final Salary Link Premium or Classic (Active non-accruing) Premium or Classic (Active non-accruing) 2015 Scheme

2015 New Pension Scheme Implementation Programme 36Employer Engagement Event Ill Health Retirement Test Two tiered approach as in nuvos Employee’s condition has to be permanent until their provisional state pension age

2015 New Pension Scheme Implementation Programme 37Employer Engagement Event Events Strategy Readiness Guide Employer Impacts Payroll Specification Payroll Specification Enhanced Data Validations Self Assessment Readiness Checks Readiness Checks EPNs Conference Calls

2015 New Pension Scheme Implementation Programme 38Employer Engagement Events

2015 New Pension Scheme Implementation Programme Data Cleanse

2015 New Pension Scheme Implementation Programme 40Employer Engagement Event Data Cleanse Update 195 data cleanse reports 342 Conference Calls

2015 New Pension Scheme Implementation Programme 41Employer Engagement Event Methodology Issued Data Cleansing Commenced Timescales Data Cleanse Update

2015 New Pension Scheme Implementation Programme 42Employer Engagement Event Next Steps Return Data MyCSP Load Data Check Interface Complete 31 st May Data Marked on PenServer

2015 New Pension Scheme Implementation Programme 43Employer Engagement Event Data Cleanse Targets 21 st March th April th April nd May th May th May 2014

2015 New Pension Scheme Implementation Programme 44Employer Engagement Event Engaged 660,000 Dedicated Team Running Extracts Daily Targets Daily Reporting Trained Team 105,000 HMRC Case Study

2015 New Pension Scheme Implementation Programme Employer Engagement Event45Employer Engagement Event

2015 New Pension Scheme Implementation Programme 46Employer Engagement Events

2015 New Pension Scheme Implementation Programme 47Employer Engagement Event When does the data cleanse exercise need to be completed, for the Tapered Enrolment Group? A.31 st of May 2014 B.30 th of April 2014 C.1 st of April 2015

2015 New Pension Scheme Implementation Programme 48Employer Engagement Event What tabs should you focus on first, in the DataSure report? A.Red B.Blue C.White

2015 New Pension Scheme Implementation Programme Options Exercise

2015 New Pension Scheme Implementation Programme 50Employer Engagement Event 60% 282,000 27% 128,000 13% 60,000

2015 New Pension Scheme Implementation Programme 51Employer Engagement Event “Your Choice” Booklet Personalised Statement Contains: Personalised Projection (retaining Tapered Enrolment) Response Forms Contains: New Scheme Information Signposting to more information Checklist What is in the Options Pack?

2015 New Pension Scheme Implementation Programme 52Employer Engagement Event Online Modeller Demonstrates the difference between opting into the new scheme and remaining in current scheme Allows users to select the age they plan to retire and take their benefits Will be designed with member needs in mind (not pension administrators or IFAs) Communication Products Options Exercise Fact Sheet Member on-line video Monthly on-line FAQS Presentation Slide Pack Decision Tree What else is available to members?

2015 New Pension Scheme Implementation Programme 53Employer Engagement Event Distribution Approach Options Packs – Same as Additional Pensions Contributions Letters in March 2014

2015 New Pension Scheme Implementation Programme 54Employer Engagement Events

2015 New Pension Scheme Implementation Programme Communications

2015 New Pension Scheme Implementation Programme 56Employer Engagement Event Webpages e-Bulletins What does this mean for me? Online FAQs What scheme am I in? February 2014

2015 New Pension Scheme Implementation Programme 57Employer Engagement Event Member Online Presentation July 2014 Member Online Presentation July 2014 Options Presentation July 2014 Options Presentation July 2014 Options Factsheets July 2014 Options Factsheets July 2014 Factsheets Options Video August 2014 Options Video August Future communications Member Online Video October 2014 Member Online Video October 2014

2015 New Pension Scheme Implementation Programme 58Employer Engagement Events

2015 New Pension Scheme Implementation Programme Next Steps…

2015 New Pension Scheme Implementation Programme 60Employer Engagement Event

2015 New Pension Scheme Implementation Programme 61Employer Engagement Event

2015 New Pension Scheme Implementation Programme 62Employer Engagement Event Events Strategy Readiness Guide Employer Impacts Payroll Specification Payroll Specification Enhanced Data Validations Self Assessment Readiness Checks Readiness Checks EPNs Conference Calls

2015 New Pension Scheme Implementation Programme 63Employer Engagement Event Training

2015 New Pension Scheme Implementation Programme 64Employer Engagement Events

2015 New Pension Scheme Implementation Programme 65Employer Engagement Event How much do you know about the support we will offer you in implementing the 2015 arrangements? Very little Everything 12345

2015 New Pension Scheme Implementation Programme 66Employer Engagement Event How useful have you found the event today? Not at all V. helpful 12345

2015 New Pension Scheme Implementation Programme 67Employer Engagement Events

2015 New Pension Scheme Implementation Programme Fastest Finger First

2015 New Pension Scheme Implementation Programme 69Employer Engagement Event Question 1 When do the system and payroll changes need to be implemented by? A.1 January 2015 B.1 April 2015 C.1 August 2015

2015 New Pension Scheme Implementation Programme Are you ready?

2015 New Pension Scheme Implementation Programme 71Employer Engagement Event Question 2 When does the data cleanse exercise need to be completed by, for the Tapered Enrolment group? A.31 May 2014 B.31 September 2014 C.31 December 2014

2015 New Pension Scheme Implementation Programme Are you ready?

2015 New Pension Scheme Implementation Programme 73Employer Engagement Event Question 3 Where will you find your roles and responsibilities? A.Employer Impact Document B.In the Strategy and the Readiness Guide C.Payroll Developers Guide

2015 New Pension Scheme Implementation Programme Are you ready?

2015 New Pension Scheme Implementation Programme 75Employer Engagement Event Question 4 When is the first self-assessment? A.April 2014 B.September 2014 C.January 2015

2015 New Pension Scheme Implementation Programme And finally…

2015 New Pension Scheme Implementation Programme 77Employer Engagement Event Question 5 Who should you contact if you are having issues?

2015 New Pension Scheme Implementation Programme Thank you