32% do not plan to comply with auto-enrolment

Almost a third (32%) of respondents have no intention of complying with auto-enrolment legislation.  This is just one of the findings from the Secondsight auto-enrolment survey report. 

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.