As auto-enrolment requirements flow through to small firms many business owners will turn to advisers for help. Will Wynne runs through the key factors to consider when setting up a scheme...
IFAs expect to see an explosion in the number of new and existing clients asking for advice and recommendations around auto-enrolment over the next 18 months. According to The Pensions Regulator, 99,000 firms are due to set up a workplace pension before the end of March alone. By early 2018 more than 1.75 million companies new to pensions are required by law to enrol their employees - that's 30 times the total number of companies that have auto-enrolled to date. Research suggests those firms, which include a high proportion micro businesses (zero to nine members of staff), those em...
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