Auto-enrolment. What is it? Angela Eagle, Minister for Pensions and the Ageing Society, explained: “These landmark reforms, on a scale unprecedented anywhere in the world, will ensure millions of workers on low and moderate incomes will be able to save for retirement in a workplace pension for the first time. Our reforms mean people will receive a mandatory employer contribution and tax relief from the State.” The new auto-enrolment duty applying to the employer means that eligible workers will automatically be enrolled on their company’s professional pension scheme, with no active decision made by the employee. Currently, many workers let pretty sizeable benefits go by because they didn’t ask to join their employer’s scheme.
workers will automatically be enrolled on their company’s professional pension scheme, with no active decision made by the employee. Currently, many workers let pretty sizeable benefits go by because they didn’t ask to join their employer’s scheme.
Employers and human resources have a say. This consultation concerns the planning of the implementation of the reform, as well as additional proposals on auto-enrolment, such as qualification criteria. “We encourage all stakeholders to continue to pl
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