Commenting on The Pensions Regulator’s report today (Monday) that more than two million workers have begun saving into a workplace pension scheme as a result of automatic enrolment, Joanne Segars, NAPF Chief Executive, said:
“We are pleased that auto enrolment has got off to such a great start and that there is strong support for saving through workplace pensions.
“Large employers and pensions schemes – many of them our members – have put great effort and resources into making auto enrolment work.
“However, the real test will come when small and medium-sized employers, who have fewer resources and less pensions know-how, start enrolling staff next year. The challenge now is for the Government and The Pensions Regulator to make sure these employers understand what they have to do to comply.
“We’re doing all we can to support successful automatic enrolment. Our report in October provided a number of practical tips for smaller employers coming up to automatic enrolment. And we are helping employers prepare for automatic enrolment through dedicated web pages, a series of guides and PQM Ready, which helps employers find a good scheme.”
Notes to editors:
1. The NAPF is the leading voice of workplace pensions in the UK. We speak for 1,300 pension schemes with some 16 million members and assets of around £900 billion. NAPF members also include over 400 businesses providing essential services to the pensions sector.
2. The NAPF published its Automatic Enrolment: One Year On. View the full report
3. For more information visit the NAPF website at: http://www.napf.co.uk/Automatic-Enrolment.aspx
Dee Sullivan, Communications Adviser (interim), 020 7601 1717, [email protected]
Aimee Savage Richards, Press Officer (interim), 020 7601 1718 or 07825 171 446, [email protected]