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

DC Pension Tracker Q3 2025
The Aon UK DC Pension Tracker fell over the quarter, with the younger savers seeing decreases in their expected outcomes, while the older members’ exp
Employers must take lead in retirement adequacy crisis
Employers will end up taking most of the responsibility for helping to solve the retirement adequacy problem if we are to see real and impactful chang
Two thirds of Administrators involved in pension strategy
With forthcoming legislation, from Inheritance Tax on unused pension pots to the 2025 Pension Schemes Bill set to have considerable implications for p

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.