Pensions - Articles - Business says "we're in" as auto-enrolment begins


 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."
  

Back to Index


Similar News to this Story

4 ways completing a tax return can help boost your pension
Missing the Self-Assessment deadline not only risks a penalty for late filing but could cost individuals hundreds, if not thousands of pounds in uncla
DWP holds AE thresholds with GBP90bn of pensions expected
The DWP has issued its review of the Automatic Enrolment Earnings Trigger and Qualifying Earnings Band for 2025/26, retaining all three thresholds at
Response to Triple Lock means testing comments
Aegon has called for ‘a future focused debate on a sustainable state pension’ following comments on the Triple Lock by Conservative leader Kemi Badeno

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.