Charities in the dark over auto-enrolment
Charities and small social enterprises are still in the dark when it comes to auto-enrolment, research from The Pensions Trust has found.
The figures from the survey showed 14 per cent do not know about auto-enrolment or what their responsibilities will be to employees once the reforms are implemented.
Just 9 per cent of more than 700 voluntary sector organisations and social enterprises employing 98,500 staff who were participated in the survey said they completely understood auto-enrolment and how they needed to prepare.
Those with fewer employees were more likely to need of guidance in the build up to the auto-enrolment reforms.
Stephen Nichols, chief executive of The Pensions Trust, said: “While smaller organisations will have more time to prepare for auto-enrolment, this does not mean they should rest on their laurels and do nothing. It is vital that all organisations, regardless of size, do what they can now to make sure they are properly prepared.”
Employers told The Pensions Trust that online information, self-help tools, checklists, workshops and regulatory updates could help them prepare for auto-enrolment.
In response, the Trust has added an online cost calculator to its suite of support tools. Employers can use it to determine the additional pension costs they can expect once the regulations come into force.