The opt-out period is one month from when active membership is created, or they receive their letter with the enrolment information, whichever is latest. According to The Pensions Regulator, if an employee opts out of an auto-enrolment pension, they are entitled to a...
There are different information requirements for each category of worker. For an eligible jobholder, the letter must include details of how the employee can opt out of the scheme if they wish. The letter must not, however, encourage the employee to opt out. The Pensions Regulator (TPR) has ...
If you need to, here's how to opt an employee out of a pension scheme. Auto enrolment and postponement (Back to top) 6. Send the declaration The Declaration of Compliance is a requirement to let The Pensions Regulator know that you have fulfilled your automatic enrol...
14 If a pension scheme is no longer able to satisfy the requirement to have this additional buffer, the Regulator must be notified immediately and a ‘long-term’ recovery plan has to be submitted.15 The long-term recovery plan should set out the steps the pension scheme intends to take ...