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 publication below for more information.