Skip to main content
The Actuary: The magazine of the Institute and Faculty of Actuaries - return to the homepage Logo of The Actuary website
  • Search
  • Visit The Actuary Magazine on Facebook
  • Visit The Actuary Magazine on LinkedIn
  • Visit @TheActuaryMag on Twitter
Visit the website of the Institute and Faculty of Actuaries Logo of the Institute and Faculty of Actuaries

Main navigation

  • News
  • Features
    • General Features
    • Interviews
    • Students
    • Opinion
  • Topics
  • Knowledge
    • Business Skills
    • Careers
    • Events
    • Predictions by The Actuary
    • Whitepapers
    • Moody's - Climate Risk Insurers series
    • Webinars
    • Podcasts
  • Jobs
  • IFoA
    • CEO Comment
    • IFoA News
    • People & Social News
    • President Comment
  • Archive
Quick links:
  • Home
  • The Actuary Issues
  • March 2015
03

TPR publishes web guide to help small firms prepare for auto-enrolment

Open-access content Wednesday 25th March 2015 — updated 5.13pm, Wednesday 29th April 2020

The Pensions Regulator (TPR) has launched a new step-by-step guide to help small businesses get ready for their auto-enrolment duties.

The online guide was written specifically for employers with limited pensions experience with between one and 50 staff. It explains how to complete key tasks such as knowing when to be ready, providing a point of contact for the regulator and checking who needs to be enrolled.

The guide contains 11 steps, and will "walk employers through" their legal requirements with auto-enrolment, providing them access to the information they will need in order to comply.

Charles Counsell, executive director for automatic enrolment at TPR, said: "We are determined to do all we can to reach out to all small and micro businesses preparing for their automatic enrolment duties. We want to make the process as simple as possible so that employers can avoid the risk of non-compliance.

"Our new online 11-step guide is a key part of a wide package of measures we are rolling out to give more than a million employers all the information they need, written and produced in a way they makes sense to them."

In addition, TPR said it would send letters to 1.5 million small and micro businesses to remind employers of their duties.  

TPR felt the majority of small businesses would turn to their business advisers for help and therefore it will launch an "online business adviser hub" to provide all information advisers need to help their clients.

Counsell added: "Our message to employers is to ensure you know when your automatic enrolment duties begin and start planning in good time. The regulator's website should be the first port of call for all employers and their advisers as it offers essential information about each task an employer will need to accomplish in order to comply and avoid penalties."

Earlier this month, TPR decided not to publish a list of pension schemes for small employers to comply with auto-enrolment. Last year the regulator fined 169 employers for failing to comply with auto-enrolment duties.

This article appeared in our March 2015 issue of The Actuary .
Click here to view this issue

You may also be interested in...

City Noble calls for ban on DB to DC pension scheme transfers

A pensions advisory firm has called on the government to prohibit defined benefit (DB) to defined contribution (DC) pension scheme transfers.
Monday 30th March 2015
Open-access content

Small firms want list of pension providers to avoid non-compliance

Nearly two thirds (61%) of firms with up to 250 staff would like a list of recommended pension providers that accept smaller companies, research has found.
Tuesday 31st March 2015
Open-access content

Pension schemes face risk from low inflation

Low inflation can “spell bad news” for certain pension schemes, an adviser has warned.
Tuesday 24th March 2015
Open-access content

Average retiree has three holidays a year, £330 monthly income and wine at 6:30pm

The average retirement consists of three holidays a year, a disposable income of £330 a month and a daily glass of wine at 6:30pm, according to a study.
Friday 27th March 2015
Open-access content

Pension experts urged to keep six principles in mind when designing retirement products

Pension professionals have been urged to keep six principles in mind when designing pension products for consumers.
Tuesday 17th March 2015
Open-access content

Advising people on pensions is a 'very dangerous place', says Calor Gas finance director

Giving pension advice to employees in light of the pension freedoms coming into force in April is a “very dangerous place”, according to energy firm Calor Gas.
Monday 16th March 2015
Open-access content

Latest from Pensions

ers

By halves

Reducing the pensions gap between men and women is a work in progress – and there’s still a long way to go, with women retiring on 50% less than men, says Alexandra Miles
Thursday 2nd March 2023
Open-access content
rdth

Make My Money Matter's Tony Burdon on the practical power of sustainable pensions

Years working in international development showed Tony Burdon, head of Make My Money Matter, that sustainable pensions can harness trillions of pounds to build a better world – at a scale governments and charities can’t. He talks to Travis Elsum
Wednesday 1st March 2023
Open-access content
KV

Liability-driven investments: new landscape

What now for liability-driven investments, after last year’s crash in the market? Pensions experts Rakesh Girdharlal and Moiz Khan say it should lead to a more balanced approach
Wednesday 1st February 2023
Open-access content

Latest from March 2015

2

Have your say: Council elections

The future of the profession depends on you – and, crucially, your vote, writes Derek Cribb
Tuesday 31st March 2015
Open-access content

Nick Mann: A consummate professional and charming presence

The Actuary team was shocked and saddened to learn of the tragic death of our former colleague Nick Mann in an accident on London Underground at the weekend.
Tuesday 31st March 2015
Open-access content

Pension reforms boost life insurers' business confidence

Life insurers are confident that business will grow, thanks to the pension freedoms coming into force in April.
Monday 30th March 2015
Open-access content

Latest from no_opening_image

TPR publishes coronavirus guidance

The Pensions Regulator (TPR) has published guidance to help UK pension trustees, employers and administrators deal with the financial and regulatory risks posed by coronavirus.
Monday 23rd March 2020
Open-access content
web_p24_cat-and-fish_iStock-483454069.png

Sensitivity analysis: swimming lessons

Silvana Pesenti, Alberto Bettini, Pietro Millossovich and Andreas Tsanakas present their alternative approach to sensitivity analysis
Wednesday 4th March 2020
Open-access content
ta

IFoA adjudication panel: Mr Jack Wicks, student

On 30 October 2019 the Adjudication Panel considered an allegation of misconduct against Mr Jack Wicks (the respondent).
Friday 28th February 2020
Open-access content

Latest from inline_local_link

2

COVID-19 forum for actuaries launched

A forum for actuaries has been launched to help the profession come together and learn how best to respond to the deadly coronavirus sweeping the world.
Wednesday 25th March 2020
Open-access content
2

Travel insurers expect record payouts this year

UK travel insurers expect to pay a record £275m to customers this year as coronavirus grounds flights across the world, the Association of British Insurers (ABI) has revealed.
Wednesday 25th March 2020
Open-access content
2

Grim economic forecasts made as countries lockdown

A sharp recession is imminent in the vast majority of developed and emerging economies as the deadly coronavirus forces businesses to shut down across the world.
Tuesday 24th March 2020
Open-access content

Latest from 03

Nick Mann: A consummate professional and charming presence

The Actuary team was shocked and saddened to learn of the tragic death of our former colleague Nick Mann in an accident on London Underground at the weekend.
Tuesday 31st March 2015
Open-access content

Pension reforms boost life insurers' business confidence

Life insurers are confident that business will grow, thanks to the pension freedoms coming into force in April.
Monday 30th March 2015
Open-access content
2

Shipping losses decline but cyber risk is a growing concern in the sector

Shipping losses worldwide have declined by 50% over the past decade, but 75 ships were lost in 2014, according to study.
Friday 27th March 2015
Open-access content
Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Latest Jobs

Exposure Management Analyst

London, England
£40000 - £50000 per annum
Reference
148639

Pricing - Casualty Actuary

London (Central)
£128K + bonus + benefits
Reference
148638

Reporting Contractor

Negotiable
Reference
148636
See all jobs »
 
 
 
 

Sign up to our newsletter

News, jobs and updates

Sign up

Subscribe to The Actuary

Receive the print edition straight to your door

Subscribe
Spread-iPad-slantB-june.png

Topics

  • Data Science
  • Investment
  • Risk & ERM
  • Pensions
  • Environment
  • Soft skills
  • General Insurance
  • Regulation Standards
  • Health care
  • Technology
  • Reinsurance
  • Global
  • Life insurance
​
FOLLOW US
The Actuary on LinkedIn
@TheActuaryMag on Twitter
Facebook: The Actuary Magazine
CONTACT US
The Actuary
Tel: (+44) 020 7880 6200
​

IFoA

About IFoA
Become an actuary
IFoA Events
About membership

Information

Privacy Policy
Terms & Conditions
Cookie Policy
Think Green

Get in touch

Contact us
Advertise with us
Subscribe to The Actuary Magazine
Contribute

The Actuary Jobs

Actuarial job search
Pensions jobs
General insurance jobs
Solvency II jobs

© 2023 The Actuary. The Actuary is published on behalf of the Institute and Faculty of Actuaries by Redactive Publishing Limited. All rights reserved. Reproduction of any part is not allowed without written permission.

Redactive Media Group Ltd, 71-75 Shelton Street, London WC2H 9JQ