Last week, Retail Newsagent reported that independent retailers had called for more government guidance on pension auto-enrolment following a rise in the number of businesses being fined for not complying with the new law.

We asked the Pensions Regulator to help out with some simple advice for retailers. It provided these four tips:

  1. Don’t leave compliance until the last minute: You can avoid the risk of non-compliance by getting your plans in place in good time.
  2. Look out for your letter: The Pensions Regulator writes to all employers 12 months before their staging date to alert them to their duties.
  3. Get help online: Use The Pensions Regulator’s online Duties Checker to guide you through the process http://www.thepensionsregulator.gov.uk/en/employers. It takes five minutes and you can easily find out what you need to do and by when. You will be sent information specific to your situation. Small firms who have already implemented automatic enrolment said it took them about 10 hours over 12 months, and most didn’t have set-up costs.
  4. Don’t forget about non-eligible staff: Even if you have staff who aren’t eligible for automatic enrolment, you must tell them about the changes and complete a declaration of compliance with The Pensions Regulator. If you employ part-time, seasonal or temporary staff, click on this link for more information http://www.thepensionsregulator.gov.uk/en/employers/duties-checker/outcomes/i-am-an-employer-who-has-to-provide-a-pension/work-out-who-you-need-to-put-into-a-pension-scheme/employing-staff-on-variable-hours-contracts-or-pay.aspx

For more help and advice, check out this RN article