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New research by NIESR and TNS-BMRB outlines scale of challenge facing government pension reforms
With just over two months remaining before the first employers must comply with their duties under the government's workplace pension reforms, a new report commissioned by the Department for Work and Pensions shows the scale of the challenge facing those reforms, with less than one third (31 per cent) of private sector employers currently offering some form of pension provision for their employees. In other words, almost seven in ten private sector employers do not currently offer any form of pension provision for their employees.
Under the forthcoming workplace pension reforms, employers will be required to automatically enrol all eligible workers into a workplace pension scheme, unless the worker chooses to opt out. Employers will also be required to make a minimum contribution into the scheme.
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