DWP Debate:
A workplace pension is a way of saving for your retirement that’s arranged by your employer.
Some workplace pensions are called ‘occupational’, ‘works’, ‘company’ or ‘work-based’ pensions.
According to the .gov website a new law means that every employer must automatically enrol workers into a workplace pension scheme if they:
This is called ‘automatic enrolment’. Wednesdays debate subject is: Pensions automatic enrolment
The Work and Pensions Committee has launched an inquiry into pensions automatic enrolment. Under the Pensions Act 2008, every employer in the UK must put certain staff, unless they choose to opt out, into a pension scheme and contribute towards it. Larger businesses are already required to auto-enroll staff. The requirement is now gradually being applied to smaller employers.
The Committee inviteed written submissions on the implementation of automatic enrolment and, especially, the effects on small and micro employers. In particular, the Committee welcomes submissions addressing the following points:
Witnesses: