Draft guidance on auto-enrolment certification does not clarify nuances around salary sacrifice and opt-out inducements, leaving some employees in a "netherworld", a lawyer said.
The DWP has circulated an informal consultation document among stakeholders, including the Society of Pension Consultants and the National Association of Pension Funds (NPF), on changes to auto-enrolment legislation. The document, seen by IFAOnline sister title Professional Pensions, contains long-awaited draft guidance on the procedures necessary when certifying a qualifying scheme. However, industry figures said it failed to address ongoing salary sacrifice issues. Hogan Lovells of counsel Penny Pilzer (pictured) said: “Under HMRC rules it has to be irrevocable when you sign up f...
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