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32% do not plan to comply with auto-enrolment
24.09.2013
The Secondsight Auto-enrolment survey report, which was conducted by its parent company Foster Denovo, questioned 327 respondents which are predominantly small and medium-sized employers (SMEs).
The research also found:
- 66% of respondents had little or no knowledge of auto-enrolment legislation.
- 33% of respondents will comply with auto-enrolment without external help.
- 27% of respondents intend to spend one day or less in management time complying with auto-enrolment.
Matthew Mitten, equity partner at Secondsight, said: “Our report shows that pensions still don’t feature highly on the business priority list, and this is despite the investment being made in marketing around auto-enrolment.
“We found the ‘willful non-compliance’ statistic the most surprising to come out of the research; the figure is much higher than I would have expected.
“I suspect that a large part of this is down to organisations not currently putting auto-enrolment onto their radar. Also, there is a real lack of awareness around the penalties for non-compliance.
To read more about the survey, the results and comments from one of our Partners, Matthew Mitten click here.
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