Latest Auto Enrolment Figures

According to the Pension Regulator, more than 4 million workers from over 21,000 employers are now successfully enrolled into workplace pensions with opt-out rates far lower than expected. To the end of June, the Regulator used its formal powers to ensure compliance on 23 occasions.

Over 30,000 employers will reach their staging dates in 2014/15 with a further 153,000 in 2015/16 and in excess of 600,000 in 2016/17.

The Pensions Regulator will contact you 12 months before, and then again 4 months before, your staging date with information about your statutory obligations. If you need to know your staging date either contact us or check the Pension Regulator website.

We are already helping many of our clients ensure that they meet their obligations in an efficient and cost effective way. Experience has shown that, for the smoothest, hassle-free implementation, employers need to allow 9-12 months preparation time.

Please ensure you contact us in good time to allow sufficient planning. Even if you choose to do the assessments yourself or through your chosen pension provider, it will impact on your payroll process too.