Pensions - Articles - Mark Folwell comments on an optional waiting period


 The introduction of an optional waiting period will ease the administrative burden of auto-enrolment for some employers explains Mark Folwell, Lane Clark & Peacock.

 "The purpose of a waiting period is to reduce unnecessary administration for those employers who have a high staff turnover in the first few months of employment. This is particularly important for employers who may have seasonal spikes in recruitment for short periods, for example, retail employers over the Christmas period. However, any employer can decide to use a waiting period if they wish."

Back to Index


Similar News to this Story

Wish list for the occupational pensions industry in 2025
As one year closes and another begins, it's an opportune moment to set our sights on the future. The UK occupational pensions industry faces nume
PSIG announces outcome of Consultation
The Pensions Scams Industry Group (PSIG), which was established in 2014 to help protect pension scheme members from scams, today announced the feedbac
Transfer values fell to a 12 month low during November
XPS Group’s Transfer Value Index reached a 12-month low, dropping to £151,000 during November 2024 before then recovering to its previous month-end po

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.