Workie helps employers engage with automatic enrolment
05 April 2016
The latest research into employers’ and intermediaries’ awareness of automatic enrolment shows that 79% of employers remember seeing or hearing at least one of the campaign adverts while intermediaries who have seen the adverts found them relevant and memorable.
Key findings from the intermediaries’ survey:
- Bookkeepers and accountants saw significant increases in overall understanding of automatic enrolment compared to Spring 2015, from 78% to 93% and 85% to 96% respectively.
- Knowledge of the need for employers to complete a declaration of compliance with The Pensions Regulator increased significantly, from 79% to 94% amongst IFAs and from 60% to 84% amongst accountants.
- Around half of accountants, bookkeepers and payroll administrators felt only partially able to answer clients’ queries. Confidence was higher amongst IFAs at 73%.
Key findings from the employer survey:
- Awareness of AE remained similar to Spring 2015 among small and micro employers (90% and 78%) while understanding increased significantly (68% among small employers 56% among micros).
- Correspondence from the regulator was the main trigger for employers to take action to prepare for automatic enrolment (76%), followed by information from an adviser (43%), and then seeing or hearing advertising (23%)
- A majority of employers continue to agree that automatic enrolment is a good thing in principle for their employees (77% of small, 65% of micros).
Read more from TPR’s press release.