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You might not have re-enrolled yet, but you will need to at some point.

So, we’ve created this podcast to explain what re-enrolment is, how it works and how we can help you.

Re-enrolment is needed because every 3 years, the government wants to put those employees who no longer have an active membership back into a pension scheme. It’s very similar to enrolment, but you choose the date it takes place.

You’ll need to work out which employees need to be re-enrolled, actually re-enrol these employees and re-declare your compliance to The Pensions Regulator.

It may sound like a lot of work, but don’t worry, we’ll do most of it for you.

In this episode, we run through what’s involved and how we support you through the process…

Transcript

Here’s the full podcast in writing – so you can read instead of, or as well as, listening…

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Hello and welcome to the latest podcast from The People’s Pension.

This is the second in our series of five podcasts. This time we’ll cover re-enrolment.

So let’s get cracking – what is re-enrolment?

You probably haven’t re-enrolled yet, but you will need to at some point. So, we’ll explain how it works and how we can help you.

Every three years, the government wants to put employees who have ceased active membership back into a pension scheme.

Re-enrolment is very similar to enrolment, but you choose the date it takes place. You need to work out which employees need to be re-enrolled, actually re-enrol these employees and re-declare your compliance to The Pensions Regulator. It may sound like a lot of work, but don’t worry, we’ll do most of it for you.

Let’s take a look at what’s involved and how we support you through the process...

Step 1 – Choosing a date for re-enrolment

This is the date you need to have your payroll, HR and software processes ready to go.

You can choose one date in a six-month window. The six-month window centres on the third anniversary of your automatic enrolment. So you have a window of three months before your third anniversary and three months after, to choose a date.

Going forward the date you choose will be the date your six-month window centers around, every three years (so maybe choose a less busy time of the year for your business). Once you’ve decided on your date, you need to let us know as soon as possible.

This date acts as the date from which membership of the scheme begins for employees being re-enrolled, and the date from which the calculation of pension contributions starts.

You’ll have six weeks from this date to complete automatic re-enrolment and tell the affected employees what’s happening. We’ll send out the letters for you.

Step 2 – Work out who to re-enrol

This can be quite tricky, because there are a variety of employees you need to include.

There are a few exceptions as well. For example, a worker who has given notice or been given notice of the end of their employment.

We help you through this step by providing an automatic re-enrolment report in your Online Services account. The report will help identify who needs to be re-enrolled.

Even if there are no employees who should be re-enrolled, you still need to make a declaration of compliance to The Pensions Regulator.

Step 3 – The next step is re-enrolment

This can be done by the payroll provider, by us, or by you (if you prefer).

It’s a good idea to contact your employees in advance to tell them they’ll be re-enrolled. We’ll provide you with a template letter that you can use to do this.

We’ll also write to them within six weeks of the re-enrolment date to explain The People’s Pension to them and help them understand their workplace pension.

Step 4 – Re-declare your compliance

This is a legal requirement. It shows you’ve complied with your employer duties. But it's quite straightforward.

There’s a link at the end of the re-enrolment section of our website that takes you through to The Pensions Regulator’s website where you can complete your declaration.

When you’ve submitted your re-declaration, The Pensions Regulator will send you an acknowledgement letter. And that’s the end of your re-enrolment duties for another three years.

We’ve explained how The People’s Pension can support you through the re-enrolment process. But just in case you’re in any doubt, here are three good reasons to complete automatic re-enrolment with us:

  1. We’ve come a long way together – so we understand your needs.
  2. We keep things simple – and want to make it as easy as possible for you to meet your duties.
  3. We’ll help you out – by helping you identify who you need to re-enrol.

So, that’s the end of this podcast

Thanks for listening. We hope you’ve found it useful.

Look out for our next podcast, when we’ll talk about moving other workplace pensions into The People’s Pension. We’ll cover the reasons why you’d want to consider having some or all of your schemes in one place.

Remember, you can find plenty more information on our website – www.thepeoplespension.co.uk. We have different sections aimed at employers and employees – both are full of useful information.

Plus, don’t forget that you can download most of our communications online – from our resource library and communications toolkit. There’s also our help and support section where we hope to answer any questions you may have.

Of course, if you have specific questions about your scheme and if you want to discuss how to transfer other schemes to The People’s Pension, please give us a call:

01293 586 643

We look forward to speaking to you.

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Look out for our next podcast...

Our next podcast – on Tuesday 24 October – will look at why you might want to put all your pension schemes in one place.

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