benefex cfo presentation results
DESCRIPTION
Results from interective session at CFO conferenceTRANSCRIPT
Evolving Reward & Benefits
Auto Enrolment – are you ready?
Presented by
Peter Waller, Chairman
How many employees do you have in the UK?
1. Under 200
2. 201 – 1,000
3. 1,001 – 5,000
4. 5,001 – 10,000
5. Over 10,000•
47%
21%
16%
0%
16%
Have you got a pension scheme ?
1. Yes2. No3. Implementing one4. Don’t know
95%5%
0%0%
How many of your employees are in a scheme?
1. <5%2. 5-10%3. 10-30%4. 30-50%5. 50-80%6. 80%+7. Don’t know
5%16%
11%11%11%
37%11%
Do you expect to use your current scheme for Auto Enrolment?
1. Yes2. Yes partially3. No we will use NEST4. No we will use something else5. Don’t know
56%11%
0%6%
28%
Where are you at with your planning for Auto Enrolment?
1. Planning2. Budgeted 3. Fully compliant4. Nothing (yet)
33%6%6%
56%
Is your scheme compliant?
1. Yes2. No3. Don’t know
39%17%
44%
How will employees be educated about the scheme and legislation?
1. Existing communication channels2. Line managers3. Face to face (external)4. Financial Advisers5. Video/Online Tools6. Combination of the above7. Don’t know
42%5%5%
11%0%
26%11%
What strategy do you expect to adopt?
1. Qualifying Scheme Only2. Split3. Combination4. Minimum Contributions5. Levelling Down6. Recruitment 7. Not yet decided
18%0%
24%6%
18%6%
29%