As auto-enrolment approaches, many employers’ attention is now firmly fixed on what compliance means for their organisation, according to the Employee Benefits/Premier pensions and workplace savings research 2012.
Just under three-quarters (72%) of respondents said they have a project plan in place, while 69% have planned their budget for the changes.
Three-quarters of respondents said they know how much complying with auto-enrolment will cost their organisation. About one-third (32%) calculate that costs will rise by between 1% and 9%, while 15% do not expect to incur any cost increases at all.
