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Aegon presses TPR to disclose employer auto-enrol staging dates

Aegon hq 480

Aegon is lobbying The Pensions Regulator to release information on employers’ automatic enrolment staging dates due to concern some are unaware of their regulatory responsibilities.

The UK’s largest employers began auto-enrolling employees into a workplace pension scheme last month.

TPR is writing to employers 12 months and 3 months before their staging dates to remind them they need to comply with the new rules.

Aegon regulatory strategy manager Kate Smith says: “One point we have been making to the Government is that employers are leaving decisions around automatic enrolment to the last minute.

“We would very much like to help them get ready for auto-enrolment but it is very difficult to do that because we do not always know when their staging date is.

“The Pensions Regulator writes to employers 12 months before their staging dates. We have found that sometimes those letters do not reach the right person because the right person might not be the chief executive, and so it has ended up in the bin.

“We would like TPR to share information with us about our clients, so we can contact them or their adviser and remind them about their responsibilities.”

Keyte Ltd director Robin Keyte says: “I think some intermediaries who are involved with GPPs will be concerned about a provider contacting their clients directly.”

A TPR spokesman says: “The information the regulator holds on staging dates is restricted under the Pensions Act 2004.

“Employers should be familiar with their staging date and there is nothing to stop them passing on this information to their existing pension provider, if they wish.”

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