10 Chartered Accountants
Book a call... we'd like to hear from you...


SMEs lack auto-enrolment awareness, say advisers
03 July 2014

Only one in 100 independent financial advisers (IFAs) believe small businesses are well prepared for auto-enrolment into workplace pensions, a new study has revealed.

The survey for business software specialists Sage UK of more than 200 IFAs also found just one in five (21 per cent) agreed that small firms were aware of auto-enrolment, even though by April 2015 around 8,000 businesses with between 50 and 249 employees must have their eligible workers enrolled into a qualifying workplace pension.

The survey findings, published on 25 June, revealed that 25 per cent of IFAs were not providing any advice on auto-enrolment currently and just under a third (29 per cent) said auto-enrolment was not a priority for their clients.

In a separate survey of small and medium-sized enterprise (SME) owners in the UK, Sage found just one in five small SMEs had spoken to an IFA about auto-enrolment in the last 12 months.

Jonathan Dowden, auto-enrolment expert at Sage UK, said: "The Pensions Regulator recommends preparing for auto-enrolment at least 12 months before your staging date, so from these findings it's clear there is an alarming proportion of businesses with their head in the sand.”

Link: Auto-enrolment advice for employers

Other recent news

Smaller estates should not have to file Inheritance Tax paperwork, says Office for Tax Simplificatio
12 December 2018

The Office for Tax Simplification (OTS) has said…
Read more

Big increase in P2P lending
12 December 2018

The fifth annual UK Alternative Finance Industry…
Read more

180,500 first-time buyers benefit from relief on Stamp Duty Land Tax (SDLT)
12 December 2018

Figures released by HM Revenue & Customs (HMRC)…
Read more

Italian e-invoicing requirements make Making Tax Digital look like a walk in the park
12 December 2018

While a series of false starts and changes of direction…
Read more

House of Lords calls for a delay to Making Tax Digital
12 December 2018

The House of Lords Economic Affairs Committee has…
Read more


Case Studies