Pensions - Articles - Almost 1 in 5 employers late with Auto-Enrolment in 2014

 Of these employers, one in ten (9%) contacted NOW: Pensions in the month of their staging date while a further 8% left it until after their staging date had passed.

  

 While nearly a third (29%) took action a month before their staging date, only 20% signed up six months or more in advance of staging – the timescale recommended by The Pensions Regulator.

  

 Morten Nilsson, CEO of NOW: Pensions said:

 “While employers are being encouraged to get their auto enrolment plans in place early, the reality is a large proportion are leaving it late or missing the deadline altogether.

  

 "For some, this is simply due to lack of planning and preparation, while for others, it’s due to being let down at the eleventh hour by another provider.

  

 “While we accept all employers and are happy to help those who’ve left it late, we strongly recommend that employers follow the regulator’s advice and make their provider selection as early as possible to avoid unnecessary stress.”

  

 To help employers get onboard quickly and easily, NOW: Pensions has an online application process. By completing an online form that takes a matter of minutes, employers can have an auto enrolment compliant pension scheme set up within 24 to 48 hours.

  

 For employers that have missed their staging date, NOW: Pensions has put together a simple five step guide to help them get back on click here