Pensions - Articles - Mark Folwell comments on an optional waiting period


 The introduction of an optional waiting period will ease the administrative burden of auto-enrolment for some employers explains Mark Folwell, Lane Clark & Peacock.

 "The purpose of a waiting period is to reduce unnecessary administration for those employers who have a high staff turnover in the first few months of employment. This is particularly important for employers who may have seasonal spikes in recruitment for short periods, for example, retail employers over the Christmas period. However, any employer can decide to use a waiting period if they wish."

Back to Index


Similar News to this Story

PPF marks 20 years of protection in its Annual Report
The Pension Protection Fund (PPF) has published its 2024/25 Annual Report and Accounts, marking its 20th anniversary with a year of strong financial p
DC pensions continue to back Net Zero despite ESG backlash
Barnett Waddingham’s latest DC Sustainability Report finds a 34% increase in allocations to funds with a climate target in the growth stage since orig
Chancellors focus on guided retirement for pensions savers
Ahead of the Mansion House speech to be delivered by UK Chancellor Rachel Reeves on the evening of 15 July, Glyn Bradley, Chair of Pensions Board at t

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.