Bosses hit out over lack of support during AE set up

clock

Large employers have criticised the government, pensions industry and payroll providers for the level of support available in setting up auto-enrolment (AE).

The Department for Work and Pensions (DWP) has published qualitative research from interviews with 50 early-staging employers, who enrolled staff between September 2012 and April 2013. It found data and systems compatibility proved a significant burden for companies in terms of both resources and costs. The report said: "Where employers had outsourced the development of new data systems to an external provider, they often highlighted the amount of effort they had needed to put in themselves, in order to arrive at a final product. "Some of those with the earliest staging dates compl...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Tyndall Partnerships head Sullivan on bespoke empowerment

Tyndall Partnerships head Sullivan on bespoke empowerment

‘No two IFAs invest in the same suite of models’

Isabel Baxter
clock 09 December 2024 • 4 min read
Smoothed funds set to be a 'bigger asset class for the advice market'

Smoothed funds set to be a 'bigger asset class for the advice market'

‘An attractive low-risk solution for retirees’

Isabel Baxter
clock 25 November 2024 • 3 min read
Advisers no longer see inflation as a major concern

Advisers no longer see inflation as a major concern

Funds offering a level of inflation protection were the last research, Square Mile finds

Isabel Baxter
clock 22 October 2024 • 4 min read