1 pensions administration lynn wright pensions administration manager
TRANSCRIPT
![Page 1: 1 Pensions Administration Lynn Wright Pensions Administration Manager](https://reader035.vdocuments.site/reader035/viewer/2022062314/56649efc5503460f94c0f906/html5/thumbnails/1.jpg)
1
Pensions Administration
Lynn Wright
Pensions Administration Manager
![Page 2: 1 Pensions Administration Lynn Wright Pensions Administration Manager](https://reader035.vdocuments.site/reader035/viewer/2022062314/56649efc5503460f94c0f906/html5/thumbnails/2.jpg)
2
Pensions Administration
Legislation changesWorkloads - key figures2014 schemeAutomatic enrolmentCommunicationsNext year
![Page 3: 1 Pensions Administration Lynn Wright Pensions Administration Manager](https://reader035.vdocuments.site/reader035/viewer/2022062314/56649efc5503460f94c0f906/html5/thumbnails/3.jpg)
3
Legislation changes
Amendment regulations 2011
Pensions Increase regulations
![Page 4: 1 Pensions Administration Lynn Wright Pensions Administration Manager](https://reader035.vdocuments.site/reader035/viewer/2022062314/56649efc5503460f94c0f906/html5/thumbnails/4.jpg)
4
Workflow – key figures
Retirements 1,465 20%
Estimates 2,779 11%
Transfers In 233 36%
Transfers Out 131 38%
Deferred Benefits 1,986 16%
![Page 5: 1 Pensions Administration Lynn Wright Pensions Administration Manager](https://reader035.vdocuments.site/reader035/viewer/2022062314/56649efc5503460f94c0f906/html5/thumbnails/5.jpg)
5
2014 Scheme
Implementation
Administration
Communication with members
![Page 6: 1 Pensions Administration Lynn Wright Pensions Administration Manager](https://reader035.vdocuments.site/reader035/viewer/2022062314/56649efc5503460f94c0f906/html5/thumbnails/6.jpg)
6
Automatic enrolment
YOUR RESPONSIBILITIES:Know your staging date• assess your workforce and identify who to automatically enrol• choose a pension scheme• register with the regulator• provide workers with information about the changes• process any opt-out and opt in notices• make contributions• avoid inducements and prohibited activity• keep accurate records
![Page 7: 1 Pensions Administration Lynn Wright Pensions Administration Manager](https://reader035.vdocuments.site/reader035/viewer/2022062314/56649efc5503460f94c0f906/html5/thumbnails/7.jpg)
7
Communication
Employer liaison meetings
End of year returns
Helpdesk
Correspondence
![Page 8: 1 Pensions Administration Lynn Wright Pensions Administration Manager](https://reader035.vdocuments.site/reader035/viewer/2022062314/56649efc5503460f94c0f906/html5/thumbnails/8.jpg)
8
Employer liaison meetings
Held: 20th July 2011; 10th January 2012; 16th July 2012
Next one: 13th January 2013Covering: legislation updates
tax changesauto-enrolmentretirement processabsence
![Page 9: 1 Pensions Administration Lynn Wright Pensions Administration Manager](https://reader035.vdocuments.site/reader035/viewer/2022062314/56649efc5503460f94c0f906/html5/thumbnails/9.jpg)
9
End of year returns
29 submitted by deadline (21st April)
67 by the end of April
Data cleanse paid dividends
Even less queries than last year – 96% reduction in one employer alone
![Page 10: 1 Pensions Administration Lynn Wright Pensions Administration Manager](https://reader035.vdocuments.site/reader035/viewer/2022062314/56649efc5503460f94c0f906/html5/thumbnails/10.jpg)
10
Helpdesk
2011/12
10,287 calls received 0.5%
8,235 e-mails 12.5%
Performance measured
Quality monitored
![Page 11: 1 Pensions Administration Lynn Wright Pensions Administration Manager](https://reader035.vdocuments.site/reader035/viewer/2022062314/56649efc5503460f94c0f906/html5/thumbnails/11.jpg)
11
Communication
Annual benefit statements
Presentations
Correspondence
![Page 12: 1 Pensions Administration Lynn Wright Pensions Administration Manager](https://reader035.vdocuments.site/reader035/viewer/2022062314/56649efc5503460f94c0f906/html5/thumbnails/12.jpg)
12
Next year
Triennial valuation
Automatic enrolment
Consultation on 2014 scheme
Regulations expected March 2013
![Page 13: 1 Pensions Administration Lynn Wright Pensions Administration Manager](https://reader035.vdocuments.site/reader035/viewer/2022062314/56649efc5503460f94c0f906/html5/thumbnails/13.jpg)
13
Any Questions?