The Pensions Regulator scraps auto-enrol SME scheme list plans

The Pensions Regulator has ditched plans to create a list of all available schemes to small and micro employers to aid them with auto-enrolment.

Following a consultation launched in November, the regulator says it has now dropped the plans over fears the list could not be objective and transparent without substantial assessment of all listed schemes.

Despite noting that the majority of responses were supportive, TPR says such an assessment would be “disproportionately onerous” for both the schemes and the regulator.

However, it adds the position remains under review, and has pledged to work with the market to identify alternative ways to help small and micro employers find a scheme.

TPR executive director for automatic enrolment Charles Counsell says: “We are providing employers with the information they need to plan and prepare for automatic enrolment, and are currently enhancing this material to make it more suited to the needs of small and micro businesses.

“This work will include strengthening our guidance to help employers to find a suitable scheme.”

He adds: “We will continue to work with stakeholder bodies and those operating in the automatic enrolment market to increase the quality and accessibility of information about available schemes so that smaller employers can get ready on time.”

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