This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.

DWP confirms auto-enrolment delay

  • Print
  • Comment

The timetable for auto-enrolment will be delayed for some firms, the Department for Work and Pensions has confirmed.

The DWP says it will make an announcement this afternoon about changes to the timetable for auto-enrolment, but says reports in the Sunday Telegraph that firms with less than 50 employees will be exempted from the requirements indefinitely are inaccurate.
The Sunday Telegraph reported that an indefinite delay on auto-enrolment for firms with less than 50 employees was set to be announced as part of the Chancellor’s autumn statement tomorrow.
The u-turn follows the Beecroft report recommendation that auto-enrolment be delayed. The Department for Business has accepted that auto-enrolment for all companies will cost businesses around £3bn.
The move will mean around 7m employees will now be automatically enrolled later than expected. Some experts have pointed out the move will increase reliance on means-tested benefits and will change Nest’s business proposition.
A spokesperson for the DWP says: “The Telegraph report is not correct. Every worker will be automatically enrolled. There will be a delay, but to say that auto-enrolment is indefinite is incorrect. Details will be published this afternoon at around 2.30.”

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

Money Marketing Awards 2015
Put your firm forward as the leading practitioner in your field. Adviser and Advertising categories are open to entries - Enter Now.

Have your sayEdit my profile/screen name

You must sign in to make a comment

Fund Data

Editor's Pick


Do you see the value in adviser trade bodies?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments