After an employer’s staging date, they must:
Keep certain records on aspects of their compliance with the new duties.
Preserve those records
Produce those records to the regulator, if requested.
Types of records that must be kept:
By law, there are two different types of records that an employer must keep. These are:
Records about jobholders & workers – E.g. name, National Insurance number, opt-in notice & joining notice.
Records about the pension scheme – E.g. employer pension scheme reference & scheme name & address.
Most of these records must be kept for a minimum of six years, with the exception of those relating to opt-outs, which must be kept for four years.
We can provide more detailed information regarding the record keeping rules upon request.