Context. The “Pensions Act 2008” introduced measures to boost private savings, notably via a reform of corporate pension funds. As of 2012, employers will systematically have to enroll eligible employees[1] to a pension scheme matching certain statutory standards (see our dispatch No. 090876). In the meantime, a new professional pension fund, the National Employment Savings Trust (NEST) will be created for that purpose, to welcome employees from businesses that don’t set up their own funds. At first, businesses will pay 1% of the employees’ salary in 2012, and then up to 3% minimum in 2017. Employees will have to put 4% of their salary onto this fund.
href=”/?p=28994″>[1] to a pension scheme matching certain statutory standards (see our dispatch No. 090876). In the meantime, a new professional pension fund, the National Employment Savings Trust (NEST) will be created for that purpose, to welcome employees from businesses that don’t set up their own funds. At first, businesses will pay 1% of the employees’ salary in 2012, and then up to 3% minimum in 2017. Employees will have to put 4% of their salary onto this fund.
Analyzing the impact of
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