More than 2.2 million British people started paying contributions to a pension fund within the framework of the auto-enrollment reform. The reform aims to ‘force’ British workers to save for their retirement to make up for the meager basic pension they will be entitled to when they retire. However, some experts aren’t moved by these figures and say that too many people are excluded from this program, for which the income limit is going to increase. (Ref. 130820)
The ‘automatic enrollment reform, which came into force in 2012, should, in the long run, help 10 million workers in the private sector enjoy supplementary pension on top of their basic pension. To that end, the reform provides that employers are under the obligation of automatically enrolling their employees when they are not already covered by a supplementary pension scheme (see article No. 120572). “It is great news 2 million people are making a positive difference to their retirement pro
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