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Keeping Records.

1. With the introduction of the employer duties in 2012, there is a new legal requirement on employers, trustees, managers and providers to keep certain records.

2. The records an employer must keep will enable you to prove that you have complied with their duties. Keeping accurate records also makes good business sense because it can help an employer such as yourself to avoid or resolve potential disputes with employees help check or reconcile contributions made to the pension scheme.

3.  By law, records must be kept by employers and providers under the new legislation.

4. Good governance, including record keeping, has always been considered vital to the effective and efficient running of a pension scheme. The regulator has previously produced guidance on the importance of good record keeping.

Hwo long do you need to keep records for with Automatic Enrolment