Advisers to the rescue: Why IFAs are crucial to auto-enrolment success

A recent study into auto-enrolment sign-ups suggests that by 2018 an estimated 63,000 small firms will have been fined for non-compliance, if the current rate continues. While the cost to these on-boarding firms has been estimated to be a whopping £25m in fines alone - there is hope. Advisers. They are the super heroes of the auto-enrolment world. The Pensions Regulator's (TPR) own research calculates that 40% of small and micro firms will turn to IFAs, accountants and business advisers for advice and help to comply. That £400 fine (Fixed Penalty Notice) for small firms that rely o...