Companies aren't giving themselves enough time to prepare for auto enrolment (AE), leaving themselves vulnerable to fines and even custodial sentences, according to one adviser.
Corporate Benefits Consulting director Allan Maxwell (pictured) said that companies believe the process is straightforward and not difficult to do, when in actual fact, he said, politicians have made it incredibly complicated. "The problem is there is so much detail. There are so many facets. These include assessing the workforce and working out how much each employee should contribute, whose in and whose out of the scheme. "Then there is the communication process with employees, the information that must be provided to them, what status they happen to be. There are very, very strict...
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