February 9 2016.



Some 45 per cent of small businesses are confused about auto-enrolment rules obliging them to enrol employees in a qualifying workplace pension scheme.

The study by the Federation of Small Businesses (FSB) also finds that three quarters of small businesses feel the regulations would put too much pressure on them, and that one in four think their business might not cope with the added financial demands.

The news comes just as auto-enrolment activity ramps up, with a tidal wave of enrolment and re-enrolment hitting the business community all over the UK.

The Auto Enrolment Advisor, set up to help guide company owners and directors through the auto enrolment process, says the report's findings stressed the need for small businesses to be prepared.

Graham Robinson of the Auto Enrolment Advisor says that, typically, small, micro and medium-sized enterprises (SMEs) have less awareness of issues such as auto-enrolment due to their size.

For the full story at smallbusiness.co.uk CLICK HERE.