SMEs will be vital to the success of auto enrolment
The head of Standard Life, David Nish, will today speak at the Liberal Democrat conference in Glasgow to outline how important SMEs will be to the success of auto enrolment.
Speaking before the conference Nish has said: “With an industry opt out average of around 10 per cent – compared to the predicted 20 per cent to 30 per cent – we have seen a really encouraging start to the rollout of auto enrolment. Though we must acknowledge it is still early days.
“We are now entering a period where small and medium-sized companies will be implementing auto enrolment into their businesses. This will be a crucial period.
“SMEs are central to the UK economy, accounting for 99% of UK businesses and employing over 14 million people. Many lack the resources of larger businesses so it is vital that they get the necessary support to help make auto enrolment a success for their employees”
Also available are free 20 minute webinars which take companies through the legislative requirements of auto enrolment.
Alternatively, why not download our free introductory guide.