As we have reported in past updates, the Government intends to reform workplace pension provision from 2012 by placing a duty on employers to enrol eligible workers automatically into a pension scheme that meets certain criteria and to make contributions on behalf of employees. Where employees do not have access to an existing workplace pension scheme provided by their employer and which meets the minimum requirements, they will be enrolled in the new “Personal Accounts”.
The Personal Accounts Delivery Authority (PADA) has launched a myth busting programme which aims to provide information on the proposed reforms and to answer frequently asked questions.
View the Myth Buster.
View the Key Facts document.