Mid to large-sized employers – those with 500 to 50,000 employees – should be re-enrolling employees into their workplace pension schemes in 2025 as part of their mandatory three-year requirement, Hymans Robertson has urged.

The firm warned that it was “vital” that employers prepare properly to undertake this task, despite being time-consuming, to ensure their employees were saved for retirement.

Auto re-enrolment in a pension scheme is a regulatory imperative for employers. The process happens every three years, and this year, employers with 500 to 50,000 employees will be most impacted. Employers of this size first had to enrol in 2013.

Hymans Robertson head of defined contribution (DC) corporate consulting, Hannah English, stressed that since its introduction, auto-enrolment had made an “enormous difference” in enrolling people in pension schemes and ultimately improving their retirement incomes.

“This is a positive trend that employers must ensure is continued by making sure they follow the re-enrolment process in the right way,” she continued.

“A significant amount of the re-enrolment process involves employers, or their pension providers, reviewing employee records. Employers must identify employees who are eligible for re-enrolment, those who are not members of their pension scheme, and those who have fallen below the minimum contribution requirements,” said English.

She noted that while identifying eligible employees was the first step, it was perhaps the “most onerous” time-wise.

“Beginning this long journey as early as possible will give employers the best chance for this all to go as smoothly as possible.

“If it’s a seamless process, then they’ll be giving their employees the best chance of maximising their standard of living in retirement,” English added.

---