Labour is set to announce plans that would see an extra 1.5 million workers automatically enrolled into a pension scheme.
The party is expected to announce on Thursday it would reduce the threshold for eligibility from £10,000 to £5,772, reports the Financial Times. This would see 1.5m more people, including some 1m women, auto-enrolled into a qualifying scheme. Currently, only workers who earn a minimum £10,000, and who are aged between 22 and state pension age, are automatically enrolled. Others can opt in to qualifying schemes, but must request it. Labour's plans will be announced by shadow work and pensions secretary Rachel Reeves, according to the FT. She will say the proposals, if implemented...
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