Nursery World - Costs: Part 1 – Pensions

In the first of a series on how to be smart with costs, Karen Faux reports on how settings are approaching pensions auto-enrolment

We are now currently mid-way through the biggest shake-up of pensions in a generation; and for nurseries, this means having to take full responsibility for providing employee pensions for the first time.

As many employers now grappling with this issue are aware, understanding how auto-enrolment works and absorbing the costs to the business is no mean feat.

Finding a scheme that meets the ‘qualifying’ criteria for auto-enrolment is just the start. NDNA chief executive Purnima Tanuku points out additional difficulties. ‘For nursery employers where many employees tend to receive relatively low pay, it can prove difficult to find a willing commercial pension provider,’ she says.

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