Auto-enrolment: 500,000 extra businesses to comply

Here’s how to make sure you’re compliant if you’re now in the cross-hairs of the Pension Regulator.

Recent reports have appeared highlighting that 1.8m small business employers will need to set up a workplace pension over the next three years, as opposed to the originally forecast amount of 1.3m.

Like many other commentators, I wonder how the industry will cope with this demand.  Following on from these reports, we are expected to see a peak of around 350,000 small and micro employers being affected by summer 2017.

As I have previously stated, small businesses owner/managers will have to work closely with the auto-enrolment provider community to manage what I can only term as a ‘tidal wave’. So far, the legislation has proved to be a success, but we have only just touched the tip of the work that needs doing.

It will be down to providers like Enrolsme to really support and guide their clients through the auto-enrolment process. Perseverance, commitment and learning will help us and other suppliers to ensure that we provide the best levels of service when the pressure is really on.

Foster Denovo Enrolsme Ltd is an appointed representative of Foster Denovo Ltd.

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