New auto-enrolment amendments in effect
The secondary legislation that sets out the detail on how workplace pension reform works was subject to two phases of amendment in the Automatic Enrolment (Miscellaneous Amendment) Regulations 2013.
The first phase (covering the definition of pay reference periods, retention periods, opt-out notices and the test scheme standard for defined-benefit schemes) applied from 1 November 2013.
The second phase has applied from 1 April 2014. With effect from that date, the deadlines for employers to provide information to individuals on their opt-in rights, information to individuals on their joining rights, postponement notices, the auto-enrolment joining window and deadlines for registration are extended from one month to six weeks…
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News from Wragge Lawrence Graham & Co
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Briefings from Wragge Lawrence Graham & Co
The government has announced it will introduce a requirement for many companies to report on payment practices, and a hardening of the Prompt Payment Code on payment terms.
The statutory regime covering workplace pensions will be transformed in April 2015.