In her weekly blog, Debi O’Donovan, editor of Employee Benefits, asked why some large employers are re-doing pensions auto-enrolment.
She wrote: “In the past few weeks, just about every pensions adviser and provider I have spoken to has talked about how increasing numbers of employers which have already staged for auto-enrolment are now already reviewing what they did.
“We believe many simply underestimated the task they faced, and focused too much upon staging without sufficient consideration that it is an ongoing responsibility, not [just] getting past the finishing line.
“In our experience, many [employers] found that their chosen solution required too great an administration burden or simply failed to cover essential elements of the [auto-enrolment] process, leaving some significant gaps in the compliance chain.”
David Roderick, development director, Johnson Fleming