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GP Practices – don’t delay auto-enrolment advice

The majority of employers are leaving it too late to get advice on preparing for and complying with auto enrolment, research by NOW: Pensions has found.

A survey of 244 financial advisers found that 72% said employers are not leaving enough time to take advice before their staging date.

An employer’s staging date is the day they must begin automatically enrolling eligible employees into a workplace pension scheme. More than 1.2 million small and micro businesses will start staging from June 2015 according to government estimates.

The survey found:

• half of the advisers surveyed said firms have come to them close to their staging date

• 22% said firms have come to them very close to and after their staging date

• 87% said that many employers don’t have the knowledge to make informed decisions about auto-enrolment.

Morten Nilsson, CEO of NOW: Pensions, said:

“While auto enrolment has been successful so far, it is important that smaller employers and the industry do not get lured into a false sense of security.

“We urge those who will begin staging next year, to plan ahead.”

Contact our specialists so you can start preparing for auto-enrolment.  You should start preparations 6 months in advance to ensure you are organised and comply fully with the legislation.

Keith Taylor FCA

Keith Taylor FCA

Director of Medical Services

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  • BW Medical Accountants have a good working knowledge of General Practice and are keenly aware of the challenges Practices face within the changing environment of the NHS.  We have been very impressed by the way BW Medical continue to deliver the range of services they provide from Accounts to Tax and NHS Pension advice. 

    We have found Practice consultation and engagement from BW Medical specifically helpful to shape the future of the Practice.

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    GP Practice, Newcastle
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    The service we receive and the interest they show in our practice assures us that they have a genuine interest in us and commitment to us.  More importantly they are always helpful and polite to answer even the dumbest of questions!  They give us confidence and reassurance knowing that they are always very up-to-date with all the numerous changes within general practice and we would have no hesitation in recommending them to other practices seeking a professional and personal accountancy service.

    Jackie Rotherham, Practice Manager
    The James Street Family Practice, Lincolnshire
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    Cumbria

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