Nautilus takes part in seafarer pensions consultation

Offshore rig

Nautilus is making a submission to a UK government consultation of pension arrangements for seafarers and offshore workers.

The Department for Work and Pensions (DWP) is undertaking the six-week review of the relevant Pensions Act regulations to test whether they are working as intended in enabling seafarers and offshore workers to be automatically enrolled into workplace pensions.

The consultation closes at the end of August and the DWP has invited evidence from employers, employee representatives and pension industry professionals, including scheme administrators, actuaries, independent financial advisers and employee benefit consultants, and any other interested parties.

The DWP is seeking feedback on a number of range of issues — including any problems with implementing the requirements, suggestions for improving the existing legislation and whether there is any reason why seafarers or offshore workers should be treated differently from other peripatetic workers (such as airline staff) when considering where a worker ordinarily works.

Wednesday, August 09, 2017