Small businesses line up accountants for auto-enrolment help, says Nest

December 2nd 2014

MANY small businesses will look to their accountant for support in managing auto-enrolment, according to new research.

Three in four small business employers will turn to external advisers for help suring the auto-enrolment process, according to a survey of 300 employers of between 1 to 49 people by Nest.  Of those, six in ten intend to ask an accountant for advice, with 14% to turn to a Financial Adviser.

Only 23% said they had confidence in dealing with pensions issues. Tim Jones, Nest CEO, said that the thousands of employers who will have to offer a workplace pension to staff in the next year" are going to keep the intermediary community very busy in 2015".

While 73% deal with HR issues without external assistance, only 57% manage payroll completely in-house.  As this is primarily a data management and process driven issue most employers will face challenges in complying with their duties under the new legislation.

Nest released the research as it revealed a new intermediaries tool, Nest Connect, to help manage multiple clients during the process.

Article provided by Corporate Futures on 14 November 2014.

DSC Chartered Accountants are offering a FREE specialist auto-enrolment meeting to demonstrate how you can comply with the new auto-enrolment legislation and avoid the onerous daily penalties. At this meeting you will learn:

 - How you can determine whether your pension schemes qualify for automatic enrolment
-  How to assess your workforce and identify the different categories of workers
-  When and how you need to communicate with your workers
-  Your potential costs, options and some essential money saving solutions.

Don’t worry, there’s no hard sell from us. It’s just a free tool that we’re offering to our clients and would like to help other local businesses too.

If you are interested in our free demonstration and would like to organise a meeting to review your current circumstances please call 01423 560547.