FTSE 250 FD bemoans auto-enrolment regime
Interserve’s Tim Haywood claims the government has thrown the cost and complexity of auto-enrolment back at business
A FTSE 250 FD has bemoaned auto enrolment and the burden of pensions upon business.
In a column for Financial Director magazine, Interserve CFO Tim Haywood said the complexity of auto-enrolment is illustrated in what his company has identified as more than 40 scenarios that could trigger a change in an employee’s pension status – which could require a response from its systems.
Even the in-house pensions’ expert was left struggling with the level of complexity, he added.
The role of the FD is becoming consumed with the complexity and constantly-changing targets associated with the government-enforced pension regime.