More than half of advisers think they could struggle to meet demand from SMEs in relation to auto-enrolment this year, research from Now: Pensions has found.
The mass-market pension scheme polled advisers either currently undertaking auto-enrolment work and those intending to. It found 51% were concerned about their ability to service the increasing volume of SMEs approaching their staging date. The study also found just over 20% of firms plan to take on new staff to deal specifically with auto-enrolment. The country's largest employers began complying with auto-enrolment rules in 2012. Requirements then filtered down to medium and small firms. This year the number of companies reaching their staging date will increase significantly, with ...
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