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Auto-enrolment administration versus pensions administration

Authors
  • Branagh, Robert1
  • 1 RPMI Limited, 2nd Floor, Camomile Court, 23 Camomile Street, London, EC3A 7LL, UK , London (United Kingdom)
Type
Published Article
Journal
Pensions: An International Journal
Publisher
Palgrave Macmillan UK
Publication Date
Aug 31, 2012
Volume
17
Issue
3
Pages
177–184
Identifiers
DOI: 10.1057/pm.2012.21
Source
Springer Nature
Keywords
License
Yellow

Abstract

With the advent of auto-enrolment (AE), a new type of administration is required to assist employers in fulfilling their duties under the Pensions Act 2008 and subsequent updates. Pensions administration requires administrators to look after the records of members of pension schemes, and AE administration extends this requirement to look after not only members of the scheme but also employees. Extensive reporting will be required to ensure that Employers are complying with their duties, and assistance is required to ensure that they can identify the different statuses of their workers. We are moving into a new world where employers and their payroll teams will need as much assistance from pensions administrators as they can provide to get to grips with the legislation.

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