In her weekly blog, Debi O’Donovan, editor of Employee Benefits, asked why some large employers are re-doing pensions auto-enrolment.
She wrote: “In the past few weeks, just about every pensions adviser and provider I have spoken to has talked about how increasing numbers of employers which have already staged for auto-enrolment are now already reviewing what they did.
Answer:
“We believe many simply underestimated the task they faced, and focused too much upon staging without sufficient consideration that it is an ongoing responsibility, not [just] getting past the finishing line.
“In our experience, many [employers] found that their chosen solution required too great an administration burden or simply failed to cover essential elements of the [auto-enrolment] process, leaving some significant gaps in the compliance chain.”
David Roderick, development director, Johnson Fleming
