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Auto-Enrolment and Workplace Pension Reform
The Pensions Act 2008 laid the foundations for a fundamental change to workplace pensions in the UK. Under the reforms, every employer will be required to automatically enrol their eligible jobholders into a pension scheme and to pay contributions to that pension scheme.
Since the framework for these reforms was introduced, there have been extensive consultations with regards to their detailed implementation. Most recently, following the change in Government in 2010, an independent review was commissioned to consider whether the scope of the reforms struck the right balance between the costs and benefits to both employers and individuals. The review made a number of recommendations intended to reduce the burdens on business.
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Related DocumentsAuto-Enrolment and Workplace Pension Reform (1) (702.08 KB, .pdf)