DWP redrafts pension auto-enrolment regulations
by Gill Montia
Story link: DWP redrafts pension auto-enrolment regulations
The Department for Work and Pensions (DWP) has issued draft regulations on the workplace pension reforms that come into force next year.
New legislation requires employers to enrol workers in a pension scheme and contribute into it from 2012 and the DWP’s latest amendments should make it easier for employers to understand and fulfil their duties.
They relate to the certification of money purchase schemes and certain hybrid schemes, and provide a further explanation of the “optional waiting period”.
The changes are set out alongside a consultation document, with the consultation period ending on 11th October 2011.