Reforms introducing auto-enrolment, employer duties and personal accounts will be staged in over a three year period from 2012, the department for work and pensions (DWP) says.
It says the second batch of auto-enrolment regulations - published today - struck the right balance between getting people into saving as quickly as possible and minimising the operational risk associated with the reforms. It adds the three year period would also include a number of one-month breaks in which no employers are staged in to allow any backlogs or unplanned events to be addressed. The DWP said it proposed to bring employers into the duties by size - broadly starting with the largest employers and ending with the smallest. It says it would split employers into 25 - 30 gr...
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