Back in 2012, less than half of private-sector employees in the UK had a pension scheme. Today, that figure is 85% and this huge increase is due to the successful rollout of auto-enrolment.
It started with the largest companies and now applies to employers of all sizes with staff earning more than £10,000 a year, and who are aged between 22 and state pension age.
However, auto-enrolment poses many challenges for smaller employers, as they must comply with the same regulations as listed PLC’s, without a large payroll department to manage it. How much of a headache for employers is it? Read our article to find out more or talk to us about outsourcing your payroll obligations to us.