Auto Enrolment – Is Your Business Prepared?

At a recent pensions conference, Helen Dean, managing director, scheme development at NEST (National Employment Savings Trust), said:

Our experience has shown that it can take 18 months for employers to get to grips with preparations for automatic enrolment. That’s why we’re calling on employers to start thinking about how they will meet their duties as soon as possible.’

The Pensions Regulator will write to employers 12 months before their ‘Staging Date’ but this may not give you long enough to prepare. Should you be looking at when your staging date will be and checking any existing pension schemes to make sure they are compliant with the new regulations?

You can check your Staging Date at www.thepensionsregulator.gov.uk/pensions-reform/staging-date-timeline.aspx

At The Compliance Group, we are already helping our clients prepare – found out more about our auto-enrolment service.