Four million still not automatically enrolled
15 Aug 2014
A report by the Pensions Regulator shows that 4,443,000 workers have not yet been enrolled in a workplace pension scheme.
Auto-enrolment has so far been rolled out to over four million individuals, while almost nine million were already members of a qualifying scheme.
Executive Director of automatic enrolment at The Pensions Regulator, Charles Counsell, said: ‘A seaside hotel, a scrapyard, hi-tech factories, colleges, care providers, hairdressers and a designer all featured amongst the wide range of employers completing their duties this month. It is a mix which illustrates just how automatic enrolment is gradually becoming part of the fabric running every type of workplace.
‘This summer, we have begun the process of writing to hundreds of thousands of small employers informing them when they need to be ready to meet their new workplace pension duties. This letter is a call to action for employers’.
Staging dates aim to have all employees enrolled by 2017, for existing companies of any size. Minimum salary contributions will also be gradually increased to 3% from employers and 5% from employees by 2018.
Enforcement procedures for auto-enrolment can be viewed on The Pensions Regulator website here.