45% of businesses are still unclear on Auto Enrolment. Are you one of them?

auto-enrolment

45% of businesses are still unclear on Auto Enrolment

auto enrolment
 
New research by the Federation of Small Businesses (FSB) has shown that a huge 45% of business owners without a workplace pension scheme are still unclear about their responsibilities when it comes to auto enrolment. In addition, 1 in 4 still do not even know when their staging date is.

Over the next two years more than a million small and micro businesses will need to set up a workplace pension for their employees under the Government’s Automatic Enrolment rules.

Almost every business, even those with just one employee, must comply with the new legislation. If you delay, you risk heavy fines from The Pensions Regulator. They have already issued more than 2,000 compliance notices and only last week warned again about the consequences of delaying.

Getting your pension scheme right can influence new employees joining your business and have a huge impact on your company profitability.

What’s next?

If you are part of the 45% who are still in the dark when it comes to Auto Enrolment, then come along to one of our complimentary seminars and find out what you need to do.

What will you find out?

  • The process you must follow to ensure you implement a suitable scheme for your company
  • What options are available to you
  • The time frames
  • The opportunity to ask any questions in an informal setting

IEP Financial Ltd are experts in workplace pension schemes and have a team of specialists to cover this area of advice. We have already successfully guided many businesses through their staging date and also provide solutions for all employers of all sizes.

 

For more help and information and to speak with one of our independent financial advisers

please email us at [email protected] or contact us on 01273 208 813

This article was originally published on Tuesday, January 19, 2016 – 11:53

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