Over 50% of accountants are unable to answer auto enrolment queries
According to recent research by The Pensions Regulator, over half of accountants quizzed stated that they are only partially able to answer auto enrolment queries from their clients.
The research states that the main issue was that the accountants did not have the in-house expertise or resources needed to give clients help with the more technical aspects of auto enrolment.
What’s more interesting, over 90% of those surveyed explained that they have been approached by at least one client regarding an auto enrolment query.
The Pensions Regulator estimates that 570,000 smaller businesses will stage for auto enrolment over the next 12 months, and because of this demand, accountants and financial advisors have become key intermediaries for auto enrolment information. Businesses are approaching their contacts to help them prepare for and manage auto enrolment, and it’s important for compliance reasons that the information they receive is correct and reputable.
Here at IRIS, we offer accountants the free Auto Enrolment Accountancy Kit Bag, which is packed full of helpful information such as exclusive content from The Pensions Regulator, free whitepaper guides, infographics and letter templates to help accountants deal with the demand for auto enrolment information. The free Kit Bag also contains brand new guides covering auto enrolment, including “4 things to know if you’re staging in 2016” and the research paper “Are accountancy practices prepare for auto enrolment?”.
If you’re an accountant and are looking for more information on the Workplace Pension Reforms to help make auto enrolment part of your business strategy, register for our brand new webinar, “Bite-size AE for Accountants” which is running on Thursday 28th at 14:00 for 30 minutes.
The session will cover the basics of auto enrolment, and highlights how and why your practice should be making auto enrolment a key part of your strategy, along with how IRIS can help with this.
You can secure your place on the session using the button below.