 We are currently arranging for the Annual Benefit Statements to be
printed, and over the coming weeks they will be forwarded to you for
distribution. Please can you arrange for them to be passed to your
members as soon as possible as the Pension Regulator requires that the
member has their statement before 31 August 2017.
You will receive statements for members:
- who have not signed up to Member Self Service
- for whom we do not hold an email address
-
who have opted out of electronic correspondence
Everyone
else will be contacted by email to notify them that their statement is
available to view online, through Member Self Service. If you receive statements for any employees who have left, please can you note this on the envelope and return these to us.
The Information
Commissioner’s Office has provided a guide/checklist ‘Preparing
for the General Data Protection Regulation (GDPR)’, which highlights 12
steps you can take now to prepare for the General Data Protection Regulation
(GDPR) which will apply from 25 May 2018 .
We - Peninsula Pensions - and Devon County Council are looking into the implications of this and
will be in contact once
we have assessed the impacts that the amendments will
have regarding pensions administration.
The LGPC
Secretariat has received clarification from the Department of Work and Pensions
(DWP) that for the purposes of automatic re-enrolment, if an eligible
jobholder opts out more than 12 months before their automatic re-enrolment
date, they must be automatically re-enrolled. However, if they opt out within
12 months of their automatic re-enrolment date, the employer would have the
discretion on whether to automatically enrol them or not. Read the full update here.
The rise in the pension age to 68
will now be phased in between 2037 and 2039, rather than from 2044 as was
originally proposed. The change will affect those born between 6 April 1970 and
5 April 1978.
The announcement was made in the
Commons by the Secretary of State for Work and Pensions, David Gauke. He said
the Government had decided to accept the recommendations of the Cridland
report, which proposed the change. Anyone
younger than 39 will now have to wait for future announcements to learn what
their precise pension age will be. The Government has also committed to regular
reviews of the state pension age in the years ahead.
The Government Actuaries Department
has released the GAD Technical
Bulletin.
We
have recently discovered that some employers have sent just one CARE figure for
someone who has an additional role as a Returning Officer and the combined
figure was naturally too high. Please can we ask that you keep all roles
separate, including fees for Returning Officers, and provide CARE figures
separately. See our website for guidance on submitting CARE Pay data.
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