Major reform has swept through occupational pension provision and it will affect every employer in the UK. Every business is being obliged to auto-enrol and contribute to their employees' pension schemes, with the final phase due for completion in February 2018.
Companies that fail to comply can face tough penalties, so now is the time to set up an occupational plan. If you do not already provide a pension scheme, you must identify a scheme which you can use to fulfil your duties as soon as the changes affect you.
This content is for members only.
Gain unlimited access to all of the resources and factsheets on IoD.com by joining as a member.
IoD membership can help you reach your full potential through its various membership packages.
Are you ready to become part of the UK's most dynamic community for business leaders?
Find out more about IoD membership
Join now Login