Companies are yet to prepare for auto enrolment changes
The Pensions Regulator revealed this month that in spite of SME awareness of auto enrolment being high, many of the companies who will be staging later on the year are yet to begin preparations for enrolling their staff in a pension scheme.
Following research into awareness, TPR found that some 20% of those anticipated to stage between June and November 2015 lack any plans to undergo auto enrolment.
Smaller medium sized employers were found to be almost completely aware of auto enrolment legislation, with 97% reporting awareness, whilst only 86% of small employers and 65% of micro employers demonstrated awareness.