Auto-enrolment: 'We'll see big bumps in the road'

clock

Smaller firms may be reluctant to use advisers in the run-up to auto-enrolment, writes IFA Sheriar Bradbury, but if commission still existed...

With planning for retirement at an all-time low, the government's introduction of auto-enrolment has sought to shake up the way people view pensions and help push the country towards retirement saving. But while that is all very well and good for your average worker, there is no denying this will prove an administrative nightmare for the smaller companies out there. With the very largest companies now enrolled, the pressure is on small and medium-sized businesses across the country to get themselves into gear. Medium-sized employers with staff of between 50-249 workers will be expecte...

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 Regulation

Two firms declared in default by FSCS over pensions advice

Two firms declared in default by FSCS over pensions advice

Both Oakwood Financial Management and GO IFA are no longer trading

Isabel Baxter
clock 11 April 2024 • 1 min read
FCA lays out 2024/25 fees/levies proposals; £755m planned spend

FCA lays out 2024/25 fees/levies proposals; £755m planned spend

‘We recognise that firms continue to face inflationary pressures’

Hope Coumbe
clock 09 April 2024 • 4 min read
FSCS places Lancashire firm Frodsham Financial Planning in default

FSCS places Lancashire firm Frodsham Financial Planning in default

Advice practice formerly traded as Tom Carroll Associates FP

Hope Coumbe
clock 13 February 2024 • 1 min read