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The Chartered Institute of Personnel and Development (CIPD) and KPMG have launched an online guide to auto-enrolment, designed to provide up to date pensions advice for HR professionals and employers. The automatic pension enrolment is the “biggest shake up of workplace pensions for a generation”, said Charles Cotton at the CIPD, and “resources will provide organisations with guidance on what they need to do, when they need to do it and how they should go about it.”
KPMG's experts will provide comprehensive online content designed to guide organisations through the changes to workplace pensions. In coming weeks the website will also feature a section on the pensions environment, designed to keep professionals up to date with the latest legal, regulatory and compliance developments in the UK. A design section will provide insight for organisations on how to craft a pensions strategy that supports company objectives and the implementation area will explain how to go about successfully introducing pension change.
“The policy intention behind auto-enrolment is clear and laudable; it's designed to encourage non savers to save. The principles are clear, but the onus of delivery sits with employers who have over 700 pages of regulation and "guidance" to deal with,” said Andy Seed, Director KPMG.
“Key challenges around successful implementation include HR policy decisions, business process changes, systems changes and employee communications to name but a few. So, employers face a twin challenge of meeting both the technical requirements and embedding them operationally.”