Speeches

William Wragg – 2016 Parliamentary Question to the Department for Work and Pensions

The below Parliamentary question was asked by William Wragg on 2016-01-26.

To ask the Secretary of State for Work and Pensions, what steps he is taking to ensure that small and micro-employers are able to comply with automatic enrolment for workplace pensions.

Justin Tomlinson

5.81 million people have already been automatically enrolled into a workplace pension by 78,789 employers

We are focused on making compliance with automatic enrolment duties as straightforward as possible –especially for small and micro employers, to continue to build on this success.

As part of this, the Pensions Regulator has launched a new, simplified and much shorter ‘Step by Step’ guide on their website. This interactive Step by Step guide will help employers easily find out what they will need to do to comply by way of an easier to navigate, personalised journey. The number of steps an employer now has to take has reduced from 11 to just 5. This is designed to meet the specific needs of smaller employers who may well not have pensions experience, including those with just one or two staff. In addition, The Regulator provides online content for business advisers who play an important role in supporting smaller employers to meet their legal duties.

The Regulator has simplified and tailored all letters and guides to ensure that their guidance is easy for small employers to follow; and is working with the key providers in the automatic enrolment market to ensure that employers are offered a consistent automatic enrolment journey.

The Regulator’s website also provides guidance on what to consider when choosing a scheme and includes the list of independently audited, high quality ‘master trusts’ pension schemes. This will make scheme choice (one of the biggest challenges for small employers) easier.