Yesterday, the Department for Work and Pensions (DWP) published a paper ‘Analysing the impact of private pension measures on member outcomes’.
The paper confirms the government will be pressing ahead with changes to auto-enrolment in workplace pensions.
Comment
Overall, it is a good thing for people to build up more pension funds as well as encouraging people to develop a savings habit. That said, it may not be that easy on employers as we enter an economic slow down having already been hurt by higher costs, higher wage demands and now even more pension contributions.