The country's largest employers will begin automatically enrolling staff into workplace pension schemes in two weeks' time. But Jenna Towler discovers millions of people are still unacquainted with the idea.
Millions of workers will start paying into a workplace pension for the first time in two weeks, when the government’s long heralded auto-enrolment scheme begins. The country’s largest employers, Tesco, Asda, Sainsbury’s and Morrisons, are scheduled to start complying with the new rules first. Companies in ascending size order will then gradually fall under the rules, with the micro end of the market given the most time to prepare. It has been a long time in the planning; Lord Turner brought it up in his 2005 report. However, a report from pension provider Scottish Widows, released on ...
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