More than half of payroll administrators and bookkeepers expect their clients to rely on them completely to fulfil their ongoing automatic enrolment (AE) duties.
Research from The Pensions Regulator (TPR) found that employers are continuing to rely on business advisers to help them implement and comply with their ongoing AE duties.
TPR’s Intermediary awareness and understanding tracker revealed that most advisers expect to continue helping new businesses with their duties, especially those that are setting up AE for the first time.
Darren Ryder, TPR’s Director of Automatic Enrolment, said: ‘Employers will continue to look to advisers for help with their ongoing duties so they do not risk a fine and continue to do the right thing for their staff.’
The findings also showed that around nine in 10 intermediaries are very confident or fairly confident that their clients would be able to comply with their ongoing duties, while 69 per cent of payroll administrators believe that the increases in minimum pension contributions are a good idea.
