TIME AND COST OF PENSION SCHEME ENROLMENT CONCERN FOR SMEs
January 29 2016.



Managers of UK small businesses have identified the new legal requirement to automatically enrol staff into a qualifying pension scheme as one of the biggest business challenges facing them in 2016.


Some 150 managers of small and medium-sized enterprises (SMEs) were asked by Exemplas what the biggest challenges are that they are likely to face in 2016, in the areas of business regulations, employment law, skills, business finance, digitisation, business taxation and business development.

The challenges most frequently raised within the research are finding employees with appropriate skills, lack of finance/funding and the time and costs of setting up pension schemes for employees, with the latter appearing to be of rising concern.

Out of those who identified a business challenge, one in five considered the time and costs associated with the auto-enrolment pension scheme to have potential for a big impact on them, with respondents even saying they feel bullied into it.

To read the full article at smallbusiness.co.uk CLICK HERE.