The Department of Work and Pensions (DWP) has introduced a key package of regulation designed to help employers prepare for automatic enrolment in workplace pensions. It's designed to work alongside the revised timetable for automatic enrolment, which was published last week.
The new regulations are intended to make it easier for businesses to manage their new duties with further legislative framework assets to be introduced alongside the reforms and are part of a response to last summer's consultation on workplace pension reform regulations. The consultation looked at putting the remaining recommendations of the Making Automatic Enrolment Work Review, which focuses on introducing changes to waiting periods and certification process simplification.
It also focused on new statutory instruments on special occupations which had previously excluded seafarers, offshore workers and police not under contract. Minister for pensions Steve Webb said: "These regulations provide key legal requirements and guidance to help employers start enrolling their staff later this year. Automatic enrolment can now begin and start a much-needed seismic shift in pension saving in this country."