Auto-Enrolment Workplace Pensions
What is Auto-Enrolment?
Auto-enrolment is a government initiative to get people saving adequately towards their retirement by making it compulsory for individuals and employers to save in a workplace pension. It started in October 2012 and is being rolled out in stages, starting initially with the largest employers and ending with the smallest or newest employers. It affects employers that have even just one worker.
In short, the new auto-enrolment legislation affects all UK employers.
What do you have to do?
Employers who have at least one member of staff have a legal obligation to: