1. Auto Enrolment Financial Advice you can Value Auto Enrolment Presentation by Kevin Cunningham Managing Director & IFA Bleathwood IFA Ltd

2. Auto Enrolment Financial Advice you can Value It’s the same as Stakeholder Pensions in the workplace! NO Auto Enrolment requires a lot more work and action

3. Financial Advice you can Value Steps you need to take Know when you need to be ready – Staging Date, start planning 12 months before staging Assessment – Staff, Costs, Existing Arrangements, Staff Contracts Communication – Staff, Existing Pension Provider, Key People Research – Payroll, Solution Options Stage – Opt in relevant Staff, Communicate, Record Data Records – Payroll Data, Opt Outs Review, Diarise & Register

4. Overview of legal duties and safeguards Financial Advice you can Value Automatic enrolment legislation gives employers a duty to: automatically enrol all eligible jobholders communicate to workers providing timely and appropriate information allow non-eligible jobholders to Opt-in and entitled workers to join manage Opt-outs within the Opt-out period and promptly refund contributions automatically re-enrol all eligible jobholders every three years complete declaration of compliance (registration) with the Regulator keep records, and maintain payments of contributions. The employee safeguards state that employers:  must not induce workers to Opt-out or cease membership of a scheme  must not indicate to a potential jobholder that their decision to Opt-out will affect the outcome of the recruitment process

5. Financial Advice you can Value Lessons learnt from employers who have staged Plan to have your pension and payroll ready 6 months ahead of staging. Employers need to know how to do each task, not just that it needs to be done. Get help and advice if you need it, but remember that the responsibility for complying with the automatic enrolment legislation remains with the employer. Keep in mind the importance and scale of employee data cleansing in advance of staging. Employers should test their software in advance, including: assessment, payroll to pensions provider communications, and employee communications.

6. Financial Advice you can Value Common Myths MythReality Self employed contractors are not subject toIt is possible for a self employed person to be a Automatic EnrolmentWorker under A. E. in certain circumstances The Pensions Regulator will never find out ifThe Pensions Regulator get daily PAYE data from the employer does not carry out its dutiesHMRC and Staff may also whistleblow It is only a £50 fine for small employersThe regulator can issue a £400 fixed penalty for failing to comply with the employer duties and this may be followed by escalating penalty Postponement delays the staging date andPostponement does not change the staging date there is no need to do anything until then(and other duties still apply in this period) Employers can use their existing pensionIt may not be possible, as the scheme may not be scheme for Automatic Enrolmentsuitable and / or the provider may not allow it. Sole employee/Director companies will notA sole employee (who is a Director of that company) is have any Automatic Enrolment employer dutiesexempt, but the company may have non-employees who are considered workers

7. Auto Enrolment Financial Advice you can Value Questions ??

8. Auto Enrolment Financial Advice you can Value Kevin Cunningham Bleathwood IFA Ltd Bleathwood House 45 Upper Packington Road Ashby de la Zouch Leicestershire LE65 1ED 01530 417943 kevin@bleathwoodifa.co.uk Bleathwood IFA Ltd is an appointed representative of Sense Network Ltd which is authorised and regulated by the Financial Conduct Authority