The National Association of Pension Funds (NAPF) commented on the final auto-enrolment regulations and the guidance on certification published by the Government today (Wednesday).
Richard Wilson, NAPF Senior Policy Adviser, said:
“We are pleased that the Government has published the final auto-enrolment regulations and the guidance on certification. Combined with the new timetable issued last week, it will help businesses get on and implement these important changes.
“Firms now have a clearer sense of what they need to do to prepare for the reforms. This will assist them with business planning, implementing payroll changes, and choosing the type of pensions provision.
“We particularly appreciate that the Government has listened to our requests to extend the deadline for issuing waiting period notices from one week to one month. This will help businesses by reducing some of the administrative burden that important reforms like these create.
“Auto-enrolment is a once in a generation opportunity that will help tackle the UK’s pensions savings crisis. The injection of clarity provided by the Government is very welcome. Now the Government has to stick with the new plan and do everything possible to help employers and schemes prepare for the launch of auto-enrolment.”
Notes to editors:
1. The NAPF is the leading voice of workplace pensions in the UK. We speak for 1,200 pension schemes with some 15 million members and assets of around £800 billion. NAPF members also include over 400 businesses providing essential services to the pensions sector.
Paul Platt, Head of Media and PR, NAPF, 020 7601 1717 or 07917 506 683, [email protected]
Christian Zarro, Press Officer, NAPF, 020 7601 1718 or 07825 171 446, [email protected]