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The CBI today commented on the launch of pensions auto-enrolment. From today, every employer has a new legal duty to automatically enrol certain workers into a qualifying workplace pension scheme and make contributions towards it. The duties will be staged over six years, starting with large employers. John Cridland, CBI Director-General, said: "The 1st of October is a new dawn for pension savers, with millions more workers being helped to save towards a pension with a contribution from their boss. "The message from business is: "we're in". Firms are committed to helping staff achieve a good income in retirement, and the hope is that auto-enrolment will encourage employees to think long-term about their finances to achieve this goal.
"Boosting pension savings will help us look after our increasing number of elderly people and tackle the ticking retirement time-bomb." |
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