of employers have not reviewed their auto enrolment pension processes in last four years
are not completely confident they would pass a spot check from the Pension Regulator
In September 2022 the Pensions Regulator issued a press release warning that some employers were getting their auto enrolment pension process wrong. They are undertaking spot checks on employers, if they are found with the incorrect process it can result in fines, rectification costs and reputational damage.
Typically, most employers invested a lot of time and effort getting their processes right when they first became subject to auto enrolment requirements.
However, over the last decade, HR Teams, systems and employer processes have changed. Companies have restructured too, resulting in some groups of companies having multiple enrolment dates. All of this has combined to introduce auto enrolment pension complexity and errors with potential risk and cost to the sponsor.
Find out if you are being compliant with a free DC MOT
Mercer offers a DC MOT for no charge so you can see how your defined contribution scheme and associated employee benefits compare with other employers. This review will provide you with insight into how measures introduced by other organisations might help you respond to the opportunities and challenges of the current environment.
Mercer can help you review your auto enrolment pension process from end to end to ensure you are compliant.
Our comprehensive audit will also ensure that the defined contribution pension scheme you use remains fit for purpose so that both you and your employees receive a great outcome.
Before you access this page, please read and accept the terms and legal notices below. You’re about to enter a page intended for sophisticated, institutional investors only.
This content is provided for informational purposes only. The information provided does not constitute, and should not be construed as, an offer to sell, or a solicitation of an offer to buy, any securities, or an offer, invitation or solicitation of any specific products or the investment management services of Mercer, or an offer or invitation to enter into any portfolio management mandate with Mercer.
Past performance is not an indication of future performance. If you are not able to accept these terms and conditions, please decline and do not proceed further. We reserve the right to suspend or withdraw access to any page(s) included on this website without notice at any time and Mercer accepts no liability if, for any reason, these pages are unavailable at any time or for any period.