How technology and collaboration can help 1.8m employers stage
Barnett Waddingham's Steve Elliott says staging 500,000 more firms than planned for will throw up some challengers for the industry
The Pensions Regulator (TPR) says 500,000 more small and micro employers than previously estimated will have to comply with auto-enrolment (AE) duties over the next three years.
The Pensions Regulator (TPR) issued 424 fixed penalty notices and five escalating fines against employers for auto-enrolment failures in the year to March.
The Pensions Regulator (TPR) says 500,000 more small and micro employers than previously estimated will have to comply with auto-enrolment (AE) duties over the next three years.
Now Pensions has warned smaller employers against leaving auto-enrolment (AE) to the last minute, revealing one in eight new clients did not contact the provider until after their staging date.
Concerns remain over the viability of smaller providers
Participation in private sector workplace pension schemes has rocketed since the start of auto-enrolment.
The Pensions Regulator (TPR) has published a list of master trust providers that are open to small employers and meet the master trust assurance framework (MAF).
Seven out of eight of the National Employment Saving Trust's (NEST) investment funds have outperformed their benchmarks since its establishment in 2011.