UK Pensions Auto-Enrolment Scheme

more+
less-
more+
less-

A radical change to UK pension law is expected to affect tens of thousands of organisations with UK-based employees in 2014. This follows the imposition of an unprecedented obligation on employers to “automatically enrol” eligible employees in, and to contribute financially to, a pension scheme that meets specific, carefully defined criteria.

Each organisation has been allocated a “staging date” by which it must comply with the new regime. The largest employers were targeted first, but it will apply to all organisations with UK-based employees by 2018. Indeed, the rollout has now reached a point where the vast majority of organisations will this year find themselves caught by the new regime.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Topics:  Automatic Enrollment, Pensions, UK

Published In: 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.

© McDermott Will & Emery | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »