Three pension predictions for 2013

CRYSTAL BALL

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A "perfect pensions storm" could be brewing for 2013 as auto-enrolment (AE) and the Retail Distribution Review (RDR) are implemented, according to Jelf Employee Benefits.

The company has put together its top three pension predictions for next year: 1 Increased auto-enrolment activity "Next year is likely to see the UK's SME community finally taking serious action to prepare and implement AE. Many SMEs enrol in 2013, or early 2014, so with only a matter of months left to prepare, employer activity will suddenly increase significantly, particularly given the potential penalties for non-compliance with AE duties. "The legislation really is very complex and challenging, even for employers who have previously engaged with company-supported pensions, so it...

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