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

Rising SPA over 60s report going without essentials
New research shows one in seven (14%) people just below State Pension age have gone without food, clothing or heating in the last year, compared to on
Member experience crucial as schemes approach endgame
DB pension schemes could risk poorer member outcomes and engagement if they fail to offer a high-quality member experience as they approach endgame, w
Comments as deferred DC membership surpasses 23 million
Broadstone and Lumera comment on new data from the ONS’ Financial Survey of Pension Schemes highlights how the UK Defined Contribution (DC) pensions s

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.