With many regulatory obligations to consider, companies must meet requirements of auto-enrolment and prepare themselves for any changes well in advance. Christine Hallett, CEO Carey Corporate Pensions UK Ltd talks to the Telegraph.
All companies big and small have one thing in common: they must face up to the requirements of auto-enrolment. At some point, companies must take auto-enrolment seriously and prepare for the impact on their business, on themselves as business owners and on their employees. The Pensions Regulator communicates to them all about these regulatory obligations and asks them to prepare well in advance.
- Communication is key
- Education is essential
- Auto-enrolment assessment and communication capability is critical
- Pensions are a must
Will companies be able to do this themselves? I am sure some will be able to. They will probably go for the government option NEST (National Employment Savings Trust), which will be available to all companies.
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