More than a third (35%) of respondents have not yet selected what type of pension scheme they will use for auto-enrolment, according to research by Xafinity, part of the Equiniti Group.
The research surveyed 50 HR, payroll and pensions professionals who attended Xafinity’s conference on auto-enrolment on 22 May.
The research also found:
- 47% of respondents will use their existing pension scheme.
- 13% of respondents will use a new scheme.
- 86% of respondents have not yet reviewed their flexible benefits or salary sacrifice arrangements, while 10% have no plans to do so.
Ken Anderson, head of define contribution (DC) solutions at Xafinity, said: “The results reveal that many employers are still undecided about their preferred option for auto-enrolment.
“With many employers just a few months away from its implementation, this is now a cause of real concern.”
Read more on the pension reforms