More than four out of 10 small and medium sized (SME) firms are waiting until the last minute to sign up their employees to an auto enrolment (AE) pension scheme. The recent research shows that 12.5 per cent missed their deadline altogether, signing up after their staging date had passed.
Although the Government has tried to publicise the auto-enrolment of pension schemes, it is surprising how few people are aware of what it means exactly. Here we ask and answer some of the key questions relating to auto-enrolment.
We are urging clients to make sure that they speak to a pensions adviser as soon as possible. We have specialist advisers who are able to assist. Please contact Matthew Burge or your usual Beavis Morgan Partner.