Pensions  

Scottish Widows sets up auto enrolment taskforce

The team was established following a review by Ronnie Taylor, pensions and investments director at the firm, which concluded that a “strengthened leadership team and simplified structure” would be necessary to successfully conduct auto enrolment business.

The team is due to start work in the new year as medium-sized firms gear up for mid-2014 staging dates.

Mr Taylor said: “By the end of 2013, we will have helped around 300 large companies work their way through auto enrolment, but the main challenge lies ahead, with smaller employers, who may lack the knowledge and expertise associated with the changes reaching their individual staging dates from as early as next year.

Article continues after advert

“Our primary objective is to support employers and advisers through this transition, helping them to navigate through the auto enrolment journey, with the end goal of ensuring that an increased number of people in the UK are saving towards a more comfortable retirement.

“It is of paramount importance that we have the right structure and strategy in place in order to deliver this.”