{"id":489,"date":"2013-04-09T00:00:00","date_gmt":"2013-04-09T00:00:00","guid":{"rendered":"http:\/\/tugelapeople.jpentland.office.conscious.co.uk\/blog\/news\/planning-for-auto-enrolment\/"},"modified":"2022-10-26T14:55:27","modified_gmt":"2022-10-26T14:55:27","slug":"planning-for-auto-enrolment","status":"publish","type":"post","link":"https:\/\/tugelapeople.com\/de\/blog\/planning-for-auto-enrolment\/","title":{"rendered":"Planning for Auto Enrolment&#8230;"},"content":{"rendered":"<p>As the old adage goes &#8216;poor planning leads to poor performance&#8217; and in our experience this applies to <strong>the planning and then rolling out an of Auto Enrolment programme<\/strong>. Here are 5 key steps to help ensure a successful roll out:<\/p>\n<h3>1. Prepare<\/h3>\n<ul>\n<li>Know your companies staging date<\/li>\n<li>Inform the companies decision makers to ensure that the necessary budget and support is given to the change<\/li>\n<\/ul>\n<h3>2. Plan for the change<\/h3>\n<ul>\n<li>Assess your company&#8217;s current pension provision against the auto-enrolment requirements for new and existing members<\/li>\n<li>Plan the change and communication program (key dates, milestones, tasks, resources, etc.)<\/li>\n<\/ul>\n<h3>3. Review the impact to the company&#8217;s current pension arrangements<\/h3>\n<ul>\n<li>Review the current scheme rules against the auto-enrolment requirements to ensure it qualifies<\/li>\n<li>Review the current administration process for joiners, leavers and ongoing contributions<\/li>\n<li>Ensure that a default investment option is identified and appropriate. Mercer&#8217;s recent DC survey revealed that 79% of schemes have more than 75% of members in their default investment fund. Ensuring this fund is appropriate for the scheme&#8217;s members is therefore essential. The default fund guidance issued by the Department of Work and Pensions will provide some assistance here.<\/li>\n<li>It&#8217;s advisable to review the retirement process and adherence to discrimination legislation at the same time<\/li>\n<\/ul>\n<p>(Follow this link to a online calculator that determines the cost your company for auto-enrolment: <a href=\"http:\/\/www.thomsons.com\/aecalculator\">http:\/\/www.thomsons.com\/aecalculator<\/a>)<\/p>\n<h3>4. Mobilise an auto enrolment implementation team<\/h3>\n<ul>\n<li>Compile a team that is responsible for managing the project who understand the legislation and timeframes<\/li>\n<li>Review the current situation against the requirements and propose a plan on making the necessary changes and communicating them effectively with all the stakeholders<\/li>\n<li>Link with trustees (where appropriate) and financial advisors to support the company through the process<\/li>\n<\/ul>\n<h3>5. Manage the change<\/h3>\n<ul>\n<li>The responsible team compiles the communication plan and material<\/li>\n<li>Manages the communication and implementation process<\/li>\n<li>Manages any queries or issues that are raised throughout the process<\/li>\n<li>Review the effectiveness of the project post the implementation date<\/li>\n<\/ul>\n<p>Employers may consider implementing a salary sacrifice scheme for pensions as part of the overall auto-enrolment pension&#8217;s implementation.<\/p>\n<p>Benchmarking that XpertHR published last year shows how popular salary sacrifice schemes are and that pensions comes second to childcare vouchers as a most commonly offered benefit. Overall, 63.2% of employers make use of salary sacrifice in some way; a further 2.7% are in the process of introducing salary-sacrifice benefits and 4.1% are considering doing so.<\/p>\n<p>&nbsp;<\/p>\n<div style=\"text-align: center;\"><a href=\"\/wp-content\/uploads\/Most-common-salary-sacrifice.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" title=\"Most common salary sacrifice\" src=\"\/wp-content\/uploads\/Most-common-salary-sacrifice.gif\" alt=\"Benefits Most Commonly Offered Through Salary Sacrifice\" width=\"500\" height=\"509\" \/><\/a><strong>Benefits Most Commonly Offered Through Salary Sacrifice<\/strong><\/div>\n<p>&nbsp;<\/p>\n<p>So, if your organisation would like to see how best to manage pensions auto-enrolment, then call the auto enrolement experts at Tugela People.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the old adage goes &#8216;poor planning leads to poor performance&#8217; and in our experience this applies to the planning and then rolling out an of Auto Enrolment programme. Here&#8230;<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[14],"tags":[],"services":[51],"class_list":["post-489","post","type-post","status-publish","format-standard","hentry","category-news","services-auto-enrolment"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Auto Enrolment Planning | Blog | Tugela People<\/title>\n<meta name=\"description\" content=\"If you are planning for Auto-Enrolment, read our guide to follow the steps to help you auto-enroll effectively.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tugelapeople.com\/blog\/planning-for-auto-enrolment\/\" \/>\n<meta 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