Almost half (40%) of respondents said their payroll departments will take the lead in the implementation of auto-enrolment, according to research by The Chartered Institute of Payroll Professionals (CIPP).
The CIPP research paper to understand business readiness for automatic enrolment found that 29% of respondents said their HR department would take the lead, while 13% said their pension provider or pension department would do so.
The research also found that 69% of respondents said the HR department would handle communications with staff, while 26% said the payroll department would do so and 25% said the pension provider or pension department would do so.
Half of respondents have also set up a specific project team to deal with auto-enrolment.
The research also found:
- 50% of respondents have a qualifying pension scheme in place.
- 35% of respondents need to make modifications to their current scheme to meet qualifying criteria.
Karen Thomson, associate director of policy, research and strategic visibility at the CIPP, said: “Our research has indicated that the onus for implementation is on the payroll department.
“We are confident that the majority of payroll and pension professionals are fully aware of their responsibilities around automatic enrolment and are making significant headway in their preparations.”
Read more articles on pensions auto-enrolment
