Survey reveals lack of preparation for implementation of automatic enrolment pension

Feb 14 Survey reveals lack of preparation for implementation of automatic enrolment pension

Nearly three quarters of employers in the UK have not started communicating to employees about automatic enrolment, which starts to roll in from October 2012.

That is according to a new survey conducted by the Chartered Institute of Payroll Professionals (CIPP), which polled 103 payroll, HR, accounting and finance professionals.

The survey also found that four per cent of employers are still not even sure of their staging date.

Helen Hargreaves senior policy and research officer at the CIPP, commented: "It is vital that businesses know when they will be required to automatically enrol their employees, how this will affect them financially, and who is going to be responsible for ensuring that all their obligations as an employer are met."

Auto-enrolment, which is also known as the Workplace Pension Reform, is designed to ensure that every employee is enrolled into a qualifying pension scheme that sees contributions made by employees and employers.

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