Automatic Enrolment of Workers into Pension Schemes (Updated, June 2012)

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What is happening?

All employers operating in the UK will soon be subject to a new duty to enrol eligible workers automatically into a qualifying pension scheme and pay a minimum level of contributions for those who are enrolled.

As a general rule, with effect from the day that an employer becomes subject to this new duty, it must ensure that all of its eligible workers are automatically enrolled (for joiners after that date, it would be their first day of employment).

Please see full Alert below for further information.

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Published In: Administrative Agency Updates, General Business Updates, Finance & Banking Updates, Labor & Employment Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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