Auto-enrolment: Employers’ duties
New legal requirements come into effect from October 2012 for large employers obliging them to enrol eligible employees into a pension scheme, and to provide minimum levels of contributions or benefits. By the end of the year, employers with more than 30,000 staff will also have to comply with the new rules. The requirements will be extended to cover all remaining employers between 2013 and 2017.
The challenges and opportunities these changes will bring for employers are outlined in our ‘Employers’ Duties: Time to act’ flyer, which also offers guidance on how Deloitte can help.