Most micro employers - firms with four or fewer employees - are not consulting with a financial adviser to meet their automatic enrolment duties, The Pensions Regulator (TPR) has said.
The regulator found micro employers typically spend about half an hour each month meeting their duties, with two-thirds not using outside help in the form of an adviser or accountant. Those that do use outside help spend a mere £42 to ensure they are fully compliant, TPR said. The regulator also found most (96%) employers are confident they are fully compliant with their ongoing duties towards their staff. Director of automatic enrolment Darren Ryder said: "These new figures show automatic enrolment is now simply part of running a business and that most employers have found meeting...
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