There can be no doubt about the importance of pensions auto enrolment to the financial wellbeing of millions of people in old age. However, many organisations are increasingly concerned about how they will meet their employer duties and given the level of fines for non-compliance it is understandable that those responsible for implementation are looking around for all the support they can get.
In response to widespread market anxiety with automatic enrolment, particularly around “capacity crunch” issues, the CIPP launched the Friends of AE on 16th January 2014. It is the first and only organisation in the country that is both a pensions auto enrolment discussion forum and a mechanism for employers to find solutions.
The Friends of AE is the CIPP’s clarion call to all the payroll, pensions, software and advisory organisations; plus all the IFAs and the EBCs; plus all the employer groups and professional associations; to work better together so that employers have a better chance of handling their employer duties compliantly.
It’s central aim is to be “a capacity crunch task force” and is open to any organisation that wants to help prevent the failure of automatic enrolment, including employers that wish to find support and guidance on how to overcome the AE challenges they face.
We believe that by working collaboratively on the practical issues facing employers the Friends of AE can motivate and educate employers to want to start preparing for automatic enrolment more swiftly than they otherwise would, and that is essentially what needs to happen to avoid many thousands of companies failing to implement successfully.
Our next meeting in the East Midlands is scheduled for Thursday 2nd October at 2.00pm at Evershed’s Nottingham office: 1 Standard Hill, City Centre, Nottingham NG1 6FZ.
To book your place, please click here.
For more details on Friends of Automatic Enrolment please follow the link.