- Published: Friday, 16 January 2015 11:58
What is automatic enrolment?
Automatic enrolment is the government’s new workplace pension reform that was introduced in October 2012. The legislation is being introduced in stages and the majority of SMEs will enter the scheme between 1st April 2014 and 1st April 2015.
Why is this coming into effect?
People are living for longer, yet are not saving as much, if at all, for what could be a long retirement. The automatic enrolment scheme means that rather than having to choose to be put onto a pension scheme, employees are automatically put onto one by their employer.