Half of SMEs unready as auto-enrolment deadlines loom

Implementation stages approaching

clock • 2 min read

Nearly half of employers required to set up a pension scheme for their staff in the next two years remain in the dark about their responsibilities, according to a survey.

More than a million small businesses will need to ensure employees are in a workplace pension scheme, under the government's auto-enrolment plan. The deadlines for conforming to the rules pick up rapidly this month. But the survey by the Federation of Small Businesses (FSB) found that 45% of those asked were confused about the rules and their responsibilities, according to the BBC. Some 25% of those surveyed also feared that their business might not be able to cope with the extra cost. Since 2012, 5.4 million workers have been signed up to a workplace pension under the auto-enro...

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