Policy News Journal - 2015-16

The Pensions Regulator (TPR) has published findings from their recent intermediary tracker research analysis and employers analysis .

Key findings from the intermediaries’ survey:

- Bookkeepers and accountants saw significant increases in overall understanding of automatic enrolment compared to Spring 2015, from 78% to 93% and 85% to 96% respectively. - Knowledge of the need for employers to complete a declaration of compliance with The Pensions Regulator increased significantly, from 79% to 94% amongst IFAs and from 60% to 84% amongst accountants. - Around half of accountants, bookkeepers and payroll administrators felt only partially able to answer clients’ queries. Confidence was higher amongst IFAs at 73%. - Awareness of AE remained similar to Spring 2015 among small and micro employers (90% and 78%) while understanding increased significantly (68% among small employers 56% among micros). - Correspondence from the regulator was the main trigger for employers to take action to prepare for automatic enrolment (76%), followed by information from an adviser (43%), and then seeing or hearing advertising (23%) - A majority of employers continue to agree that automatic enrolment is a good thing in principle for their employees (77% of small, 65% of micros).

 Key findings from the employer survey: