2012 pension reforms: FDs still unprepared for auto-enrolment
- 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.
To read the rest of the article you'll need to log in below
If you've forgotten your details click here for a reminder.
If you haven't got an account, it's free and it only takes a minute to set one up,
click here to register