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

Wish list for the occupational pensions industry in 2025
As one year closes and another begins, it's an opportune moment to set our sights on the future. The UK occupational pensions industry faces nume
PSIG announces outcome of Consultation
The Pensions Scams Industry Group (PSIG), which was established in 2014 to help protect pension scheme members from scams, today announced the feedbac
Transfer values fell to a 12 month low during November
XPS Group’s Transfer Value Index reached a 12-month low, dropping to £151,000 during November 2024 before then recovering to its previous month-end po

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.