New best friend: Advisers and payroll providers tie up on auto-enrolment

Advisers and payroll providers join forces on auto-enrolment

clock

Auto-enrolment numbers are about to surge as firms with 30 or fewer employees begin to stage. Tom Nall assesses the business opportunities for advisers and urges them to link with payroll providers

The biggest auto-enrolment spike of 2015 is due to begin next month as firms with fewer than 30 employees begin to stage in earnest. October also marks the third anniversary of auto-enrolment implementation so, at this important milestone, it's worth taking stock to see what's changed in the market. In 2013, research from the Centre for Economics and Business Research (CEBR) found that it took employers an average of 103 working days to prepare for auto-enrolment implementation and 3.5 days per month on an ongoing basis to maintain the scheme. This month, research from Iain Clacher...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Two firms declared in default by FSCS over pensions advice

Two firms declared in default by FSCS over pensions advice

Both Oakwood Financial Management and GO IFA are no longer trading

Isabel Baxter
clock 11 April 2024 • 1 min read
FCA lays out 2024/25 fees/levies proposals; £755m planned spend

FCA lays out 2024/25 fees/levies proposals; £755m planned spend

‘We recognise that firms continue to face inflationary pressures’

Hope Coumbe
clock 09 April 2024 • 4 min read
FSCS places Lancashire firm Frodsham Financial Planning in default

FSCS places Lancashire firm Frodsham Financial Planning in default

Advice practice formerly traded as Tom Carroll Associates FP

Hope Coumbe
clock 13 February 2024 • 1 min read