PADA hints at Auto-enrolment start date

clock

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 ...

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

Tyndall Partnerships head Sullivan on bespoke empowerment

Tyndall Partnerships head Sullivan on bespoke empowerment

‘No two IFAs invest in the same suite of models’

Isabel Baxter
clock 09 December 2024 • 4 min read
Smoothed funds set to be a 'bigger asset class for the advice market'

Smoothed funds set to be a 'bigger asset class for the advice market'

‘An attractive low-risk solution for retirees’

Isabel Baxter
clock 25 November 2024 • 3 min read
Advisers no longer see inflation as a major concern

Advisers no longer see inflation as a major concern

Funds offering a level of inflation protection were the last research, Square Mile finds

Isabel Baxter
clock 22 October 2024 • 4 min read