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 will be introduced gradually over the coming years and will be based on the employer’s size. […]Continue Reading... No Comments.
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.Continue Reading... No Comments.
Auto-enrolment (automatic enrolment) into a workplace pensions starts today (1 October 2012) for companies with 120,000 or more staff.Continue Reading... No Comments.
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). DWP modelling shows that with automatic enrolment median private pension income could rise to between £153 […]Continue Reading... No Comments.
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 one of the biggest changes to the pension system in the UK. Employers and employees […]Continue Reading... No Comments.