Employers have not prepared for A-Day - papers 3rd April

Research by Prudential suggests around 1,200 businesses will not have completed planning for their employee benefit changes before "A-day", when new pension "simplification" rules come into force. One in eight of these companies claimed costs for rolling out the reforms for employees were prohibitive, and one in six said a pension scheme shortfall had to be the company's priority. A second study by Close Wealth Management also found four in 10 of employers have not prepared adequately for A-day, although just over half were communicating the changes to higher earning executives. Publi...