2012 pension reforms: FDs still unprepared for auto-enrolment

Posted by admin in Strategy & Planning, Risk & Regs, Management & Execution on Sun, 06/06/2010 - 10:48
  • Preparing for auto enrolment of pension schemes could cost businesses up to £50,000
  • Less than a third of employers say they are progressing well with preparations
  • A third of survey respondents expect their scheme administrator to be responsible

Only a small proportion of businesses have taken steps to prepare for 2012 pension reforms, despite the considerable preparations and potential cost required to implement auto-enrolment.

Less than a third of employers say they are progressing well with their preparations for the pensions changes, while more than two-thirds have either not yet begun or have only just begun, according to a survey of trustees, pensions managers and pension administrators conducted by human capital consultancy Mercer.

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