0330 332 7866
advise-me@fosterdenovo.com
Search
32% do not plan to comply with auto-enrolment
24.09.2013
The Secondsight Auto-enrolment survey report, which was conducted by its parent company Foster Denovo, questioned 327 respondents which are predominantly small and medium-sized employers (SMEs).
The research also found:
- 66% of respondents had little or no knowledge of auto-enrolment legislation.
- 33% of respondents will comply with auto-enrolment without external help.
- 27% of respondents intend to spend one day or less in management time complying with auto-enrolment.
Matthew Mitten, equity partner at Secondsight, said: “Our report shows that pensions still don’t feature highly on the business priority list, and this is despite the investment being made in marketing around auto-enrolment.
“We found the ‘willful non-compliance’ statistic the most surprising to come out of the research; the figure is much higher than I would have expected.
“I suspect that a large part of this is down to organisations not currently putting auto-enrolment onto their radar. Also, there is a real lack of awareness around the penalties for non-compliance.
To read more about the survey, the results and comments from one of our Partners, Matthew Mitten click here.
Similar reading
Press release
Roger Brosch discusses why no one in advice benefits from social media ‘mudslinging’
22.03.2024
