L&G launches auto-enrolment products

Auto-enrolment, which will force all employers to provide workplace pensions for employees earning £7,475 within three months of starting work, will begin in 2012. In response, L&G has unveiled WorkSave Choice, which it says guides employees through the auto-enrolment and opting out process as well as assisting employers to fulfill their legal obligations. Meanwhile, the WorkSave Pension Trust provides a qualifying pension scheme for employers and allows companies to give contribution refunds to employees who leave within two years of starting work. "WorkSave Choice has been added ...