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Recruiters Advised: Accelerate Pension Staging Dates to Reduce Auto-Enrolment Burden

Recruiters Advised: Accelerate Pension Staging Dates to Reduce Auto-Enrolment Burden

Recruiters anticipating the burden surrounding pension auto-enrolment should expedite their staging dates in line with wider business strategy plans, industry experts advise.

At the first major event of its kind held by the UK’s leading independent recruitment company Meridian Business Support, more than 50 HR directors, recruitment professionals and business leaders met at London’s landmark St Botolph building last Thursday (21st February) to discuss the real impact of pension reform on the sector.

The audience was led by an expert panel including: David Lunt, from the government-backed pension initiative the National Employment Savings Trust (NEST), specialist legal consultant Tim Johnson Derek Kelly, managing director of Parasol Paul Horan, principal consultant at Grant Thornton Colin Jackson, operations manager at Safe Computing and Fiona McKay, managing director at employment law consultancy firm Seminars and Solutions.

Meridian’s chief executive, Mark Mitchell, comments: “The key message from all the panellists was to start early when it comes to planning how your organisation will implement pension reform.

“At Meridian we plan to keep one step ahead, enabling us to learn valuable lessons that can be passed on to our clients when implementing their own reforms. It was encouraging to see all of the experts echoing this best practice and reminding delegates that preparation and communication are key when navigating this complex piece of legislation,” Mark continues.

While official statistics regarding opt-out rates remain to be seen, the panel cautioned that initial evidence suggests the total could be far lower than expected something which recruiters would be wise to account for when preparing their business strategy and budget for the years ahead.

Meridian’s summit, held at the Lockton Companies LLP events suite, came in response to demand for further discussion on pension reform, following the publication of a White Paper highlighting the serious lack of awareness of key areas of auto-enrolment within both the permanent and temporary workers sectors.

The Paper is the first in a series examining the implications of pension reform and has been published online. It can be accessed free of charge from Meridian’s website, at:  http://www.meridianbs.co.uk/pensions-reform, while an accompanying LinkedIn discussion group can be joined at http://linkd.in/QxfhHh.

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