The Government has introduced new pension reform legislation to help encourage the UK workforce, and their employers, to save more towards their retirement. As employers, this means you have new responsibilities and duties to fulfil.

There are a number of key decisions and actions you need to make including the following:

  1. Know your staging date
  2. Workforce assessment
  3. Calculate costs and consider earnings definition options
  4. Review any existing schemes
  5. Implement new scheme and register with The Pensions Regulator
  6. Communicate to staff
  7. Enrol eligible job holders
  8. Process opt-outs
  9. Collect and make contributions
  10. Keep records
  11. Maintain assessment process
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