Government urged to simplify auto-enrolment
Recommendations to simplify the pensions auto-enrolment system have been put forward to the government by a professional group.
The Association of Consulting Actuaries (ACA) has suggested that auto-enrolment should be implemented at a higher earnings threshold.
It added that the government should relax the timescales it has imposed for businesses to roll out the new process.
Stuart Southall, chairman of the ACA, said in a statement: "Whilst the full cost of auto-enrolling all eligible employees will not hit most organisations until 2017, it is only right that the costs of auto-enrolment, including the administrative challenges, are addressed and tested as soon as possible."
Research from the organisation shows that almost three-quarters of businesses (70 per cent) feel that the new auto-enrolment scheme is too complex.
However, the system has support from the majority of organisations polled by the ACA, with 75 per cent saying they support the new process in principle.
Posted by Christopher Evans
Published on: August 31, 2010
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