The Pensions Regulator has issued further guidance for small and micro employers in response to research that suggests they need support in choosing a pension scheme for auto-enrolment purposes. The Regulator now estimates that 1.8 million small and micro employers are likely to reach their staging dates over the coming three years, up from the previous estimate of 1.3 million. According to the Regulator, the rise is attributable to an increase in small business start-ups and a decline in the number of business failures. The peak is likely to occur in the second quarter of the 2017/18 financial year when about 349,000 mainly micro employers reach their staging dates.
Please note that the above does not constitute legal advice.