AE commentary 2014-2015
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employer percentage<br />
Executive summary<br />
Small and micro employers<br />
Awareness and understanding<br />
at two to four months prior to<br />
staging is comparable to large<br />
and medium employers at a<br />
similar point.<br />
Intermediaries<br />
Awareness of automatic<br />
enrolment is nearly universal.<br />
Large employers 99%<br />
Medium<br />
Awareness<br />
employers 99%<br />
Small employers 98%<br />
Micro employers 94%<br />
Awareness<br />
Financial advisers 98%<br />
Unknown 1%<br />
DB/hybrid 13%<br />
Large employers 92%<br />
DC 86%<br />
Understanding<br />
Medium employers 88%<br />
Small DC employers trust-based 90%<br />
scheme split<br />
Micro employers 88%<br />
Other DC trust 6%<br />
Understanding Master trust 94%<br />
Financial advisers 95%<br />
Payroll admin 97%<br />
Payroll admin 89%<br />
Accountants 97%<br />
Accountants 85%<br />
Bookkeepers 94%<br />
Bookkeepers 78%<br />
Type of scheme used<br />
Scheme type by<br />
employer percentage<br />
Scheme type by<br />
employer percentage<br />
Unknown 1%<br />
DB/hybrid 13%<br />
DC 86%<br />
DC scheme split<br />
Master trust 51%<br />
GPP 46%<br />
Other DC trust 3%<br />
1% Unknown<br />
DC trust-based<br />
scheme 13% DB/hybrid split<br />
Master<br />
86% DC<br />
trust 94%<br />
Other DC trust 6%<br />
Our interventions<br />
DC trust-based<br />
scheme split<br />
We issued:<br />
Type of DC scheme<br />
used by employers<br />
2,169<br />
uses of our<br />
formal powers<br />
Other DC trust 6%<br />
Master trust 94%<br />
2,082<br />
cases closed<br />
1,682<br />
compliance<br />
notices<br />
424 fixed<br />
penalty<br />
notices<br />
30 statutory<br />
demands<br />
22 unpaid<br />
contributions 6% Other DC trust<br />
notices 94% Master trust<br />
5 escalating<br />
penalty<br />
notices<br />
6 statutory<br />
inspection<br />
notices<br />
Automatic enrolment Commentary and analysis: April <strong>2014</strong> – March <strong>2015</strong> 5
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