Will The People’s Pension inform my employees their contributions will be increasing?

There is no legal requirement or additional duties for you to write to your staff about the increases. When a member of staff was first automatically enrolled, the letter they received would have set out that contribution levels will increase over time.

However, you may wish to consider reminding your employees of these increases to help minimise queries, or reduce the number of workers who decide to leave your scheme as a result of the increases. It’s always good practice to keep your employees informed and we’re always on hand to give you the help and support you need to communicate these changes.

Please note that you should still consider the need to consult your staff if you decide to increase the minimum contribution levels before the 6 April 2018 and 6 April 2019 mandatory increase dates.

You can download template letters to send to your employees from our communications toolkit »

 

 

More…

Read what we’re telling employers about these contribution increases>>

 

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