30 April 2024
The responsibility of completing pension tasks varies from business to business, not all pension tasks are the remit of the payroll professional.
The size of the business, the payroll/HR/finance department structure and in-house or outsourced are all factors.
For our last Quick Poll, the policy team asked, what pension tasks are you responsible for? Respondents could select all that apply; therefore percentages will add up to more than 100%.
And the results are:
|
Answer |
% Responded |
|
Best practise on pensioner payrolls |
9.54% |
|
Deciding on workplace pensions strategy |
14.11% |
|
Good governance around employer decision making on pensions |
23.65% |
|
Managing early retirement in all its forms |
14.94% |
|
Pensions tax rules |
34.02% |
|
Protecting pensions and reassurances about pensions promises |
2.49% |
|
Talking to your employees about pensions |
48.96% |
|
Tasks when changing pension schemes |
48.55% |
|
Pension contributions i.e. workplace pensions |
97.51% |
We will leave this data free of speculative analysis, but it is interesting, nonetheless. Thank you for your responses, as always.
Information provided in this news article may be subject to change. Please make note of the date of publication to ensure that you are viewing up to date information.