Pensions - Articles - LCP publishes updated auto-enrolment guide

 LCP has published an update to its auto-enrolment A-Z guide, and has urged employers who have not yet considered the impact of auto-enrolment on their business to act immediately.

 The guide - originally published in April 2011 - has been updated to reflect the Government's latest guidance and regulations, including changes to earnings triggers and thresholds, which determine which employees must be auto-enrolled, staging dates for employers with less than 250 employees, the phasing period for the minimum rates of contributions to defined contribution schemes and the information that must be provided to employees.

 Designed to offer employers practical advice, the guide explains the key requirements and issues, presenting them one topic at a time. Each topic sheet highlights actions to take so that employers can easily identify the key areas requiring their attention.

 Mark Folwell, partner at LCP said "With the first auto-enrolment staging dates now only weeks away, it is essential that employers start to act now if they haven't already done so. The requirements of auto-enrolment are complex and many pension scheme sponsors and trustees will have a nasty surprise in store when they start to look at them in detail. Our guide has been written so that employers can understand their auto-enrolment obligations, focus on the issues that are relevant to their situation and take action before time runs out."?