Workplace pensions law is changing. Starting from 1 October 2012, employers will, for the first time, have to enrol workers into a suitable pension scheme and pay contributions for them. These requirements are being introduced because of concerns about the lack of pension saving in the UK. Approximately 670,000 employers offer no pension provision according to Department for Work and Pensions estimates (see Impact Assessment of Pension (Automatic Enrolment) Regulations 2009 (PDF format, 107K) (on its website)).
Read the complete post at http://www.xperthr.co.uk/blogs/employment-intelligence/2012/03/pensions-auto-enrolment.html
5 Mar 2012 5:39 PM
XpertHR - Employment Intelligence
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