Automatic enrolment hits 200,000 employer landmark
10 August 2016
The Pensions Regulator has published their monthly declaration of compliance report which shows that more than 6.5 million workers have begun saving after being put into a pension by their employer and more than 200,000 employers have completed their automatic enrolment duties.
More than three times as many small and micro employers (over 156,000) have now complied compared to all large and medium employers put together (over 44,000). More than 960,000 employees of small and micro employers have been enrolled.
This month’s Declaration of Compliance report shows that by the end of July, more than 6.5 million workers had begun saving after being put into a pension by their employer.
Read TPR’s press release with comments from Richard Harrington, Minister for Pensions and Charles Counsell, Executive Director for Automatic Enrolment.
All employers have legal duties and can use the Duties Checker on TPR’s website to quickly understand exactly what they need to do.