Pensions - Articles - NAPF launch bite size Auto Enrolment guide

 The National Association of Pension Funds (NAPF) has launched a free-to-view site as it is concerned that many employers, particularly SMEs, could struggle to digest the new rules.

 The new guide (www.napf.co.uk/Automatic-Enrolment) breaks the big issue of auto-enrolment down into smaller sections and offers employers guidance on the whole process, including: assessing eligibility, picking a pension scheme, administration and communication. It also suggests tips on how employers can manage opt-outs and postponements.

 The guide also uses warning signs to flag up potential pitfalls or points that could be misunderstood.

 Joanne Segars, NAPF Chief Executive, said:

 “Auto-enrolment is this country’s best chance of getting people into the habit of saving for their retirement. It is a very important reform and we have to ensure its success by helping people understand it.

 “There has been some welcome and high-profile outreach to the general public, but we must not forget that employers are also vital to the whole process, especially because they will be picking the pensions.

 “Our concern is that employers will have to get across many issues that they could find quite complicated and technical, particularly if they are a smaller business. Our site is designed to help them understand the key facts and issues so that they can feel more confident about pensions.”