Employees will need to be provided with basic pension scheme information within seven days of starting work from 2012, the Government says.
The Department for Work and Pensions (DWP) today outlined details of the automatic enrolment process for employers, setting tight deadlines for pension scheme membership. From 2012, all employees must be given basic information on the pension scheme they will be enrolled in within a week of starting a new role. The employer will need to ensure they become a member of a pension scheme within a further seven days. Following the first two weeks of employment, workers will then have a further 30 days to opt-out of the scheme. However, Andrew Tully, senior pensions policy manager at Stand...
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