View more on these topics

DWP confirms auto-enrolment delay

The Department for Work and Pensions will announce a delay to the automatic enrolment timetable today.

A DWP spokeswoman refused to confirm exactly how long the delay will be or who will be affected.

However, she says a report in The Sunday Telegraph that auto-enrolment for small firms has been “kicked into the longest possible grass” by the Government is inaccurate.

On Friday, the Daily Mail reported the Government was to delay the introduction of auto-enrolment for small firms by one year due to concerns about their growth prospects.

Money Marketing first reported that ministers were considering a delay to the timetable for small companies in October.

Under the current proposals, the biggest employers must enrol staff into a company pension scheme from October 2012. Smaller firms of less than 50 are due to begin a staged auto-enrolment in March 2014 with all small firms auto-enrolled by September 2016.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There are 3 comments at the moment, we would love to hear your opinion too.

  1. Who should we send the bill to for our work?
    We have assumed that since this government confirmed shortly after assuming power that Auto-enrolment would proceed as timetabled that we should invest considerable time, money and effort in a business which would assist in its delivery.
    What assarances from government can we count on being sincere?
    None of them?

  2. snooks @ 11.43

    Yep you’re getting the picture. The only business you can safely invest in knowing you will have plenty of work and very little supervision is claims chasing against advisers.

  3. Is it any wonder that people have no faith in pensions when they are at the whim of any and every Government and Minister. AE doesn’t start for the smallest firms until Aug 2014, and then only at less than 1% of payroll. Are they really saying that this contribution rate will kill the recovery. If that is so then George Osborne should be kicked out of his job now if they are so firmly of the opinion that the recession will not be coming to an end in 3 years.
    Used properly this pension money could be used to underpin the recovery, not kill it. Aren’t you just proud of voting in such a load of incompetents.
    time.

Leave a comment

Close

Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm

Email: customerservices@moneymarketing.com