Small firms face different challenges with auto-enrolment, says FSB
Small firms face different challenges with auto-enrolment, says FSB
Commenting on a new Government communication campaign which aims to make small business employers aware of their responsibility to enrol their staff into a workplace pension scheme, John Allan, National Chairman for the Federation of Small Businesses, said:
“Over the coming years hundreds of thousands of small firms will need to enrol their staff in a workplace pension. Clear guidance and information are both vital to ensure small businesses understand what they must do. Today’s Government awareness campaign should help get the message out to small firms to take action.
“In addition, it’s encouraging to see an extra information resource published by the Pension Regulator. The online step by step guide for employers should make it easier for small businesses to work out what they need to do to comply with the legislation and when.
“The UK’s small businesses face very different challenges when enrolling their staff into a workplace pension compared to larger businesses, many of whom will have dedicated HR departments. Small firms are not pension experts and many will be reliant on clear guidance and support to comply with the requirements.
“The FSB believes compliance with auto-enrolment must be low cost and easy to implement. It is crucial small businesses plan ahead and do not leave their auto-enrolment duties until the last minute. The more prepared the business is for auto-enrolment, the easier it should be to understand and meet the requirements”
Media Contact:
Emma Smailes
Emma.Smailes@fsb.org.uk
07917 628918