According to the latest research by the TPR, based on surveys carried out between February and April 2016, the understanding amongst small employers of their duties under pensions auto enrolment saw a significant rise from 68% to 81%.
Executive Director of Automatic Enrolment, Charles Counsell said:
'More than 9 in 10 small employers are now aware of automatic enrolment, and there is now almost universal engagement from business advisers helping their clients to carry out their duties.
This is the first employers' survey since large numbers of small and micro employers have begun to visit TPR's website for help in meeting their duties. It's great to see such positive feedback, with 79% of the employers who used our website finding all or most of what they needed.'
Other key findings from the employers' survey were as follows:
- Understanding remained largely unchanged for micro employers, rising from 56% to 60%.
- Direct communications from TPR continued to be the main catalyst for employers to start preparing for automatic enrolment. Of those employers who stated that both TPR direct communications and advertising prompted action, nearly two thirds stated the advertising encouraged them to look again at the direct communications.
- The vast majority (90%) of employers continued to express confidence in future compliance with automatic enrolment (93% in Autumn 2015).
- The majority of employers continued to have positive perceptions of workplace pensions. However, automatic enrolment was still more likely to be perceived as a challenge among micro employers than among small employers.
The research can be found here employers' research.
If you would like help with pensions auto enrolment please contact us.
Internet link: TPR press release