Almost half (43%) of small businesses are leaving it until the last minute to comply with their auto-enrolment (AE) duties, according to new data.
Wealthcare also found that 12.5% of businesses approaching the firm to be their AE provider have missed their deadline for staging. The data echoes similar figures put out by Now Pensions and Aviva...
This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.
People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).