Some firms will struggle to comply with the demands of auto-enrolment, NEST's chief executive has said, as research showed less than a quarter of small employers feel able to handle it.
Ignorance among hundreds of thousands of small businesses about auto-enrolment dates is high, research has found, sparking a warning that companies face hefty fines if they fail to get clued up soon.
Pension liberation fraud has been named the hot topic of 2013 in The Pensions Regulator's annual review.
More than 2m workers have begun saving into a workplace pensions scheme as a result of automatic enrolment but 3m are missing out on auto enrolment for a variety of reasons.
HM Revenue & Customs says it is taking steps to tackle the increasingly sophisticated models being used by so-called pension liberation companies.
Rowanmoor, a SSAS provider and a bespoke Sipp and Family Pension Trust (Family Sipp) operator, is calling on small businesses to check their payroll details and staging date sooner rather than later after a recent case of concern.
The OFT has agreed with business and The Pensions Regulator (TPR) on reforms to the £275bn defined contribution (DC) workplace pension market after it found some savers fail to receive "value for money."
The Pensions Regulator has appointed Stephen Soper as interim chief executive.
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