It is the smaller organisations turn to stage this year but, with many lacking the required resources, advisers will play an integral role. Robert Cochran, pensions expert at Scottish Widows, explains
How many firms employing between 250 and 350 people that you deal with have a pensions department? This is the size of firms currently going through, or approaching, their individual staging date and their ability to support auto-enrolment is very different from firms a year ago. In February last year, firms staging employed between 20,000 and 30,000 staff. The legislation is more or less the same and the duties that fall on an employer are the same. The differences are scale, capacity and access to support. When larger employers were hitting their individual staging dates in 2013, th...
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