Auto-enrolment proves popular with workers
Only 9% of workers have opted out of automatically enrolled pension schemes.
Opt out rates were higher among those aged 50 and over than for other age groups.
Although auto-enrolment came in on 1 October 2012, individual employers’ duties …
The Herald quotes Farrell Financial Planning on auto enrolment
The Herald’s latest article on auto enrolment includes comments from our Managing Director, Joe Farrell.
See what he has to say on auto enrolment for businesses.
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Pension auto-enrolment starts for the UK’s largest firms
Auto-enrolment (automatic enrolment) into a workplace pensions starts today (1 October 2012) for companies with 120,000 or more staff.
Firms with fewer workers will be required to join over the next five years. Staff and employers will both …
Automatic enrolment set to double private pension income
Automatic enrolment (often referred to as auto-enrolment) could almost double private pension income (also referred to as personal pension income) by the time people now starting work reach their retirement, according to the department for work and pensions (DWP).…
Pension reform and auto-enrolment
Around 600,000 people are expected to be automatically enrolled into a workplace pension by the end of the year under a new system that automatically diverts funds from their pay packet.
Auto-enrolment begins on 1 October 2012 and will mark …