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NAPF publishes employer guides for pensions auto-enrolment

The National Association of Pension Funds (NAPF) in association with JLT has published two new guides in its series ‘New rules for pension saving made simple’.

Employers and HR professionals can get guidance on the upcoming pension auto-enrolment reforms through two free booklets launched by the pensions experts.

The downloadable, A4-sized pamphlets are designed to give employers the knowledge they need to implement auto-enrolment.

The leaflets explainwhat auto-enrolment is and what employers will need to do; what the pension scheme options are, and how to pick one; which employees will be eligible for auto-enrolment; whether employers will need to change their approach to pensions; and how the costs of auto-enrolment can be managed.

Joanne Segars (pictured), NAPF chief executive, said: "Only half the workforce is saving into a pension, so auto-enrolment is a much-needed step in getting the UK putting more aside for its old age. It's vital that we make it a success, and employers are key to that.

"It is a big reform that requires a lot of preparation, and we need to help the HR profession get to grips with it. This series of leaflets offers an easy to understand toolkit that sets out the key issues and explains what needs to be done."

The New rules for pension saving made simple series is being sponsored by employee benefits provider JLT.

The DWP estimates auto-enrolment, which starts to take effect from October 2012, is likely to bring between 5 and 8 million workers into pension saving.