Download presentation
Presentation is loading. Please wait.
Published byCameron Johnston Modified over 9 years ago
1
1 Pensions Administration Lynn Wright Pensions Administration Manager
2
2 Pensions Administration Legislation changes Workloads - key figures 2014 scheme Automatic enrolment Communications Next year
3
3 Legislation changes Amendment regulations 2011 Pensions Increase regulations
4
4 Workflow – key figures Retirements1,465 20% Estimates2,779 11% Transfers In233 36% Transfers Out131 38% Deferred Benefits1,986 16%
5
5 2014 Scheme Implementation Administration Communication with members
6
6 Automatic enrolment YOUR RESPONSIBILITIES: Know your staging date assess your workforce and identify who to automatically enrol choose a pension scheme register with the regulator provide workers with information about the changes process any opt-out and opt in notices make contributions avoid inducements and prohibited activity keep accurate records
7
7 Communication Employer liaison meetings End of year returns Helpdesk Correspondence
8
8 Employer liaison meetings Held: 20 th July 2011; 10 th January 2012; 16 th July 2012 Next one:13 th January 2013 Covering:legislation updates tax changes auto-enrolment retirement process absence
9
9 End of year returns 29 submitted by deadline (21 st April) 67 by the end of April Data cleanse paid dividends Even less queries than last year – 96% reduction in one employer alone
10
10 Helpdesk 2011/12 10,287 calls received 0.5% 8,235 e-mails 12.5% Performance measured Quality monitored
11
11 Communication Annual benefit statements Presentations Correspondence
12
12 Next year Triennial valuation Automatic enrolment Consultation on 2014 scheme Regulations expected March 2013
13
13 Any Questions?
Similar presentations
© 2025 SlidePlayer.com. Inc.
All rights reserved.