7 Auto Enrolment Top Tips
Auto enrolment can be daunting for small businesses for a number of reasons.
From the financial implications to the changes in legislation and your responsibilities, there are many things to consider.
Recently, The Pensions Regulator announced that over 800 of the £400 fixed penalty fines were issued between January and the end of March this year; additionally, over 100 escalating penalty notices were issued during the same period.
This is interesting as this would indicate that businesses with fewer than 40 employees were the recipients of the fines, possibly highlighting a lack of auto enrolment awareness amongst small and medium-sized businesses (SMEs).
We’ve put together seven of our top recommendations for auto enrolment. These are the core pieces of information which could make your businesses auto enrolment process run more smoothly and hopefully avoid some nasty fines for non-compliance.