Starting a new business? Get 40% off our accountancy services for 3 months! 😀


Top insurers Aviva have identified a “worrying trend” in auto-enrolment set-ups as staging deadlines for SMEs pass and have warned many firms are risking fines.

Number of Firms Missing Staging Date Booms

A review of their own data on auto-enrolment applications revealed to Aviva that a shocking 1 in 7 of businesses are applying to set up workplace pension schemes after their allotted staging date, set by The Pensions Regulator, has passed.

With big business deadlines now passed, as smaller firms have begun to approach and pass their dates, Aviva have noticed that the proportion of firms missing their staging date has “increased rapidly” from just 1% in Q1 2016 to 14% in Q4.

Under auto-enrolment legislation, around 500,000 UK businesses are due to set up a pension scheme during 2017. But at the end of 2016, Aviva’s data shows that 38% of businesses are leaving applications to the last minute. Only a third of businesses are applying to set up auto-enrolment pension schemes 2 months or more in advance of their given deadline.

“The last thing anybody wants is… small business owners getting fined.”

The company’s figures are mirrored by those of The Pensions Regulator, which also show that a growing  number of employers  are failing to fulfil their auto-enrolment obligations. The Regular issued 3,728 fixed penalty notices for £400 in Q3 2016, 3, up from just 861 in Q2, 2016.

Andy Beswick, Managing Director of Business Solutions at Aviva, said:

“We’re seeing more and more firms applying to Aviva for a workplace pension after their staging date has passed. It’s something we need to keep a close watch on, but, it is understandable. Auto-enrolment is now becoming a reality for very small companies which have many priorities and not necessarily the resources to deal with them all.

“We understand this and we’re doing all we can to help these companies. We can help those companies that have missed their deadline and we’ve set up a simple online process to get a workplace pension in place. The last thing anybody wants is to see small business owners getting fined because they haven’t got their workplace pension set up in time.”

He added that businesses would be wise to prepare in advance. “The decision of which provider to use for a workplace pension shouldn’t be rushed so dealing with it well in advance of the staging date can be an advantage.

“The message to businesses for 2017 is clear. If you haven’t been through auto-enrolment yet, this is likely to be your year. Don’t stick your head in the sand. Embrace it, find a way to use it as an advantage to your business and get your employees enthused about saving for their future.”

About The Author

Karl Bilby

We work very closely with our expert accountants to bring you the latest factually correct tax and accounting news. We also enjoy writing about small business news that we hope you find useful!

More posts by this author
Inline Feedbacks
View all comments

Read more posts...

Get Ready for Small Business Saturday UK 2022

Small Business Saturday started in the US in 2010, on the first Saturday following Thanksgiving. It aims to encourage shoppers to consider…

Read More

Architects and Tax

Architecture is a highly diverse sector when it comes to tax. It’s partly down to the type of businesses that carry out…

Read More

June 2022 Client of the Month: Manea Kella

This month we spoke to Adrian Manea, architect and director at Manea Kella, a London based RIBA Chartered architecture and interior design…

Read More
Back to Blog...

Confirm Transactions

The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

Yes, submit my quote
No, let me change it

Please contact our sales team if you’re unsure

VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

Are you sure this is correct?

Yes, the business is VAT registered
No, let me change it

Call us on 020 3355 4047 if you’re not sure.


You only need this service if you want us to complete the bookkeeping on your behalf.

Would you prefer to complete your own bookkeeping?


Call us on 020 3355 4047 if you’re not sure.