Thanks to a new government shakeup, the work pension scheme is set to change over the next five years.
As of October last year, the practice of auto-enrolment is being phased into businesses all over the UK. Quite simply, the new legislation will see the mandatory enrolling of employees onto a workplace pension scheme, and essential contributions paid by the employer.
At present, large firms are taking on the new rules and smaller companies are expected to follow suit over the coming years. The gradual phasing is meant to help iron out any complications before it is implemented fully.
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