As a result the Government is making changes to encourage people to save for retirement, so they don’t have to rely on the State Pension alone when they no longer work.
The Pensions Act 2008 has introduced Automatic Enrolment. This means employers will have a duty to automatically enrol most workers into a workplace pension scheme that meets standards set by the Government. By 2018 most UK workers will have the opportunity to save for their future in a qualifying pension scheme.
How will this affect me?
The new regulations will mean new opportunities and obligations for both savers and employers. To find out more click on the appropriate link below.