Automatic Enrolment

Workplace pension reform

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People have healthier lives and living longer. A Houses of Parliament briefing suggested that by 2031, in the UK nearly a quarter of the population will be aged 65 or over. The Pensions Regulator (TPR) said there is currently over 7 million people not saving enough for their retirement.

Arranged by their employer, a Workplace Pension is a way for workers to save for retirement. This pension is paid in addition to the State Pension.

Workplace Pension Reform covers changes to pension law affecting all employers with at least one worker in the UK. The Government intends these changes to help address the issues that prevent people from saving into a pension.