Six weeks from now will be a time for bonfires and sparklers, but it will also mark the end of the DWP's ‘blink and you miss out' consultation period on its latest set of regulations to implement the 2008 pensions act.
The Act itself, which introduces automatic enrolment and mandatory employer contributions into workplace pension schemes from 2012, should -in theory- be heralded as a new beginning bringing pensions to the masses and encouraging more people to save more for their retirement. But what started out as a well intended reform is now being jeopardised by the latest round of regulations. One of my big bugbears is around auto enrolment. The regulations state that large employers will have automatic enrolment imposed on them before medium, small and micro employers. Now I'm not the first to s...
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