10 November 2010
According to a survey completed for the Institute of Payroll
Professionals (IPP), two thirds of payroll professionals are not
ready for the forthcoming changes coming into effect in 2012.
Furthermore, the survey identified that only a quarter of the
respondents know what needs to be done and the deadline date.
Of the 100 professionals who participated, only 7 responded
stating that they were ready for the changes.
The survey was available on the IPP website from 17 September
2010 to 3 November 2010.
Karen Tomson, Associate Director of Policy, Research and
Strategy Visibility at the IPP said:
"Worryingly, the results of our online poll show that the
majority of businesses are not yet at a stage where they are
prepared to fulfil their new duties under the Pensions Act 2008.
Therefore, the Institute encourages payroll professionals to speak
to their employer as soon as possible about ensuring plans are in
place for 2012 and beyond.
"The IPP will be hosting more pensions-related events throughout
next year to help organisations understand their obligations under
the legislation. In addition, the NEST Corporation is keen to
provide its support and guidance and will visit employers on
request to talk them through the forthcoming changes."
To view the future employer obligations being introduced in 2012
click
here
To view information on the National Employment Savings Trust
(NEST) click here
