Auto-enrolment guide for employers published by Nest
Nest Corporation has released a guide for employers on auto-enrolment.
The guide, ‘Employers’ guide to automatic enrolment, How Nest can help you meet your duties’, will be available on the Nest website.
It provides employers with an overview of key requirements and what Nest can do to help them.
The sections are when employer duties start, letting workers know what’s happening, which workers need to be enrolled, things to consider for any existing schemes, what you might need for a new scheme, minimum contributions, opting-out, providing information to the qualifiying scheme, registering with the Pension Reguator and keeping detailed records.
It also provides a glossary of key terms which will help employers explain the new scheme to their staff.
Medium employers will have to implement Nest from October 2012- July 2014 while smaller employers will have to implement it between August 2014- February 2016.
Tim Jones, chief executive of Nest Corporation, said: “As we engage with more and more employers, the questions we get asked range from those specifically about Nest to those more widely about auto-enrolment and what employers need to do.
“To respond to these questions we’ve published a guide that sets out the core facts as well as providing an overview of what Nest can do to help which we hope will help employers prepare.”
The guide will be available at www.nestpensions.org.uk