Accounting News

auto enrolment for smaller companies

Government legislation to facilitate auto enrolment for smaller companies

Wednesday 21 January, 2015

On December 1st2014 The Department for Work & Pensions issued ‘Technical Changes to Auto Enrolment,’ a consultation on draft regulations.

The draft consultation makes three key recommendations:

  • For defined benefit pension schemes establish an alternative quality requirement
  • simplify the requirements on employers to provide certain information
  • create exceptions to employer obligations in certain situations

Richard Porter, Visionary Accountant’s Auto Enrolment and Wealth Management Specialist said: 'Having worked on many auto enrolment schemes I can appreciate that if this draft consultation becomes law in April 2015 it will make it easier for future companies to auto-enrol.  Simplifying the quality requirement for DB schemes is positive.  Enabling employers just to communicate twice or three times with employees instead of the current requirement to give 5 pieces of information should reduce the administrative burden on employers.'

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