All the help you need through re-enrolment
The Pensions Regulator (TPR) delivered a 30-minute presentation on “Managing the auto re-enrolment journey” at the recent IRIS Payroll Conference.
Visiting this page also gives you full access to the presentations and materials from the 2015 IRIS Payroll Conference.
The above image from The Pensions Regulator shows the number of businesses staging by financial quarter. The dark blue parts of the bar are those businesses that will be going through auto re-enrolment.
Auto re-enrolment presents many different challenges for businesses that have already staged as they reach their three year anniversary of auto enrolment.
The slides from TPR will help you go through all of the different stages that you need to understand to remain compliant with the workplace pension reform.
The slides detail the two different types of re-enrolment as well as how to work out when your auto re-enrolment date is, and when you need to re-submit your Declaration of Compliance.
This is also a great time to review your auto enrolment process. Many businesses that were the first to reach their staging dates adopted auto enrolment solutions that aren’t necessarily the most streamlined that they could be today.
Many businesses adopted complex, time-consuming middleware solutions for their auto enrolment which is something that can be changed in order to save time and money. Running your auto enrolment solution from within your payroll is the most logical place to do so.
The IRIS AE Suite™ sits within your payroll software and automatically assesses your employees’ eligibility for auto enrolment. It will also help you manage your auto re-enrolment.
To see the IRIS AE Suite™ in action, you can book a free demonstration. The demo will be a 1-2-1 session with an IRIS Auto Enrolment expert which will give you the opportunity to ask questions about the solution and how it can work for your business.