The National Employment Savings Trust (NEST) is heading for a capacity "car crash" as under-prepared employers cause a last minute stampede for auto-enrolment products, warned Hymans Robertson.
Research carried out by the consultant found 68% of finance and HR directors at major employers thought it would take less than 12 months to prepare for their obligations and 39% thought it would take half that time. Hymans Robertson said this is well short of the recommended 18-month window and many respondents were not aware of deadlines faced. Lee Hollingworth, Hymans Robertson Head of DC (pictured), said: "The fact that the vast majority of decision makers at the UK's largest employers grossly underestimate how long it will take to get ready implies they plan to leave it to the la...
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