The Pension regulator has published an updated forecast report for the number of employers due to become subject to automatic enrolment duties over the next four years. The update shows around 30,000 medium sized employers reach their “Staging Dates” between April 2014 and the end of this tax year. The forecast sets out their expectations of when medium, small and micro employers are likely to become subject to the new automatic enrolment duties (their staging date).
It is being provided to assist pension providers, advisers and other intermediaries with capacity planning but should only be used as a broad indicator. The forecast is based on PAYE information as at 1st April 2012. The forecast is only an estimate of the number of employers PAYE schemes expected to become subject to the automatic enrolment duties. It is based on a number of assumptions and the number of employers actually falling within the duties will vary depending on a number of factors.