Potential costs for businesses of automatic pension enrolment

A report by the Centre for Economics and Business Research predicts that the set-up costs of automatic pension enrolment will average £8,900 for small businesses (four or fewer employees) and £12,600 for small-to-medium-sized businesses. The report also suggests that preparation for auto-enrolment could take each business "up to 103 man days" while ongoing administration tasks could require more than three days a month for some companies.