by Joanna Wilkins
What is Auto Enrolment in the UK?
In the past, many workers in the UK missed benefiting from a valuable pension because either their employer didn’t offer them one or if they failed to apply for the company’s pension scheme. Automatic enrolment ensures that this does not happen. Automatic enrolment is an initiative undertaken by the government of the United Kingdom to assist more workers to save money for later life through a pension scheme. By 2018, all employers will have to enrol eligible workers into a workplace pension scheme automatically unless the workers decide to opt out themselves. This will allow more people to save up their earnings to cover for after retirement needs.
