PPS GETS READY FOR AUTOMATIC ENROLMENT

19th July 2011

In 1901 there were 10 people working for every Pensioner in the UK. In 2005 there were 4 people working for every Pensioner.
By 2050 it is expected that this will change to just 2 workers.

Automatic Enrolment will help to address these issues.

From 2012 the Government is introducing new legislation, and every employer will have to enrol into a Workplace Pension, those workers who qualify.

The largest employers will enrol first, followed by medium and small employers.

Laraine O’Connor, the Operations Director of PPS says “This is the biggest change to hit Payroll, Pensions and H.R. for many years, and we must be ready. There will be a cost to employers, and in today’s economic climate, it is critical that it is quantified in advance as it is phased in. Each of our Customers’ payrolls will be fully tested before the implementation of Automatic Enrolment, and together we shall fully understand and identify the changes ahead”.

PPS WILL YOU BE READY FOR AUTOMATIC ENROLMENT – WILL YOU?