Bosses hit out over lack of support during AE set up

clock

Large employers have criticised the government, pensions industry and payroll providers for the level of support available in setting up auto-enrolment (AE).

The Department for Work and Pensions (DWP) has published qualitative research from interviews with 50 early-staging employers, who enrolled staff between September 2012 and April 2013. It found data and systems compatibility proved a significant burden for companies in terms of both resources and costs. The report said: "Where employers had outsourced the development of new data systems to an external provider, they often highlighted the amount of effort they had needed to put in themselves, in order to arrive at a final product. "Some of those with the earliest staging dates compl...

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 Investment

Examining the 60/40: Building diversified portfolios in 2023

Examining the 60/40: Building diversified portfolios in 2023

Advisers have a lot to consider when it comes to portfolio diversification

Charlotte Moore
clock 14 April 2023 • 6 min read
Schroder Investment Solutions expands distribution of MPS

Schroder Investment Solutions expands distribution of MPS

Expanding the range of DFM choice on the Parmenion platform

Ayesha Venkataraman
clock 06 December 2022 • 2 min read
Larger DC pots hit by weak investment performance

Larger DC pots hit by weak investment performance

Aon’s DC tracker

Holly Roach
clock 01 July 2022 • 4 min read