Over 50% of SMEs ignorant of Npss

Following the publication of the pensions white paper: ‘Personal accounts: a new way to save’ on Tuesday, Barclays has revealed the findings of a survey of 200 SMEs conducted in October. The research, carried out by Mori on behalf of Barclays Financial Planning, shows 56% are unaware of the personal accounts proposals, with 15% never having heard of the scheme, and 41% saying they had heard about the proposals but did not know the details. Of the remaining employers who were aware of the proposed scheme, which includes a compulsory employer contribution of 3% of an employee’s banded ear...