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Pensions Administration

Pensions Administration. Lynn Wright Pensions Administration Manager. Pensions Administration. Legislation changes Workloads - key figures 2014 scheme Automatic enrolment Communications Next year. Legislation changes. Amendment regulations 2011 Pensions Increase regulations.

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Pensions Administration

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  1. Pensions Administration Lynn Wright Pensions Administration Manager

  2. Pensions Administration Legislation changes Workloads - key figures 2014 scheme Automatic enrolment Communications Next year

  3. Legislation changes Amendment regulations 2011 Pensions Increase regulations

  4. Workflow – key figures

  5. 2014 Scheme Implementation Administration Communication with members

  6. Automatic enrolment YOUR RESPONSIBILITIES: Know your staging date • assess your workforce and identify who to automatically enrol • choose a pension scheme • register with the regulator • provide workers with information about the changes • process any opt-out and opt in notices • make contributions • avoid inducements and prohibited activity • keep accurate records

  7. Communication Employer liaison meetings End of year returns Helpdesk Correspondence

  8. Employer liaison meetings Held: 20th July 2011; 10th January 2012; 16th July 2012 Next one: 13th January 2013 Covering: legislation updates tax changes auto-enrolment retirement process absence

  9. End of year returns 29 submitted by deadline (21st April) 67 by the end of April Data cleanse paid dividends Even less queries than last year – 96% reduction in one employer alone

  10. Helpdesk 2011/12 10,287 calls received  0.5% 8,235 e-mails  12.5% Performance measured Quality monitored

  11. Communication Annual benefit statements Presentations Correspondence

  12. Next year Triennial valuation Automatic enrolment Consultation on 2014 scheme Regulations expected March 2013

  13. Any Questions?

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