KOR

e-Article

Spreading the cost
Document Type
Journal Article
Source
Pen. World 2014, 43(6), 19-20
Subject
Automatic enrolment
Occupational pensions
Pensions
Language
English
ISSN
0307-191X
Abstract
Discusses the challenges raised by the need for over 1.3 million small and medium-sized businesses to introduce automatic enrolment of employees in qualifying workplace pension schemes by 2018. Provides advice on what employers should be doing to manage and control the costs of automatic enrolment including ensuring cooperation between business functions, reviewing employment contracts, modelling costs and examining data management processes. Notes the risks of non-compliance. Highlights that planning in advance and engaging both internally and externally are key to successful implementation.

Online Access