Concern over employer preparedness for auto-enrolment

By 2017, all employers must auto-enrol their staff with at least three months' service and who pay income tax into a workplace pension scheme. If no pension scheme is provided, employees can join NEST. However, almost 70% of employers are yet to begin their preparations for auto-enrolment, which will be rolled out next year, according to research from Punter Southall. Only 30% of the 243 employers surveyed by the firm think their current occupational scheme will be compliant with auto-enrolment requirements. A further third of respondents have not yet considered the impact on their...