Employers beware – new compulsory pension rules will effect you!

It is strange that at a time when the country’s priority should be to create and retain jobs the burden placed on employers shows no sign of reducing. The latest challenge relates to pension auto-enrolment. The new rules provide that all employers in Great Britain will be obliged to automatically enrol eligible jobholders into a pension scheme. The new duties will be formally implemented over four years, starting on 1 October, with larger employers being affected before smaller employers and new businesses. Whilst the implementation dates have continued to change I would advise all employers to find out more now so that they know in plenty of time what they will required to do and by when. As the old saying goes – forewarned is forearmed and nowhere does this apply more than in employment law. For advice contact me on nholdcroft@tolhurstfisher.com or our employment team on www.tolhurstfisher.com.