Auto-enrolment: what you need to know

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A million workers have now been automatically enrolled into a workplace pension scheme under a government policy to get more people saving for their retirement.

This article first appeared on Your Money. Auto-enrolment was introduced in October last year to ensure workers have access to an occupational pension. As a population, we are living longer but not saving enough; recent figures from the Office for National Statistics show private pension membership is at its lowest level since the 1950s. The government hopes auto-enrolment will encourage more people to set money aside for their later years to alleviate the pressure on the state. If you're still unclear about how auto-enrolment affects you, we reveal the answers to the most frequ...

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