Auto-enrolment into pension schemes is expected to begin in October 2012, the Personal Accounts Delivery Authority (PADA) revealed today.
In a document published today, PADA says: "The personal accounts scheme will need to be fully operational in time for the onset of the employer duties. Our working assumption is that this will be in October 2012." This is the first time a precise date for the scheme has been suggested, with all previous announcements stating auto-enrolment would begin at some time in 2012. "The Government cannot introduce the employer duty until there is something for companies without their own pension schemes to auto-enrol people into," explains Watson Wyatt's senior consultant, Paul Macro. "It may ...
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