February 16th 2012
Labour MP Highlights Workplace Pension Reform
Labour MP Sandra Osborne has highlighted a programme of workplace pension reforms which will be starting off in October 2012.
Sandra said:
The Government intends to introduce a programme of reforms later this year aimed at people who have inadequate workplace pension arrangements.
Sandra said:
At the present time only one third of private sector employees are saving into any form of pension . Recent statistics also suggest that at least 7 million people are not saving enough to meet their retirement aspirations.
Starting from October 2012 all employers beginning with the largest firms will have a new duty to automatically enrol all eligible workers into a workplace pension and to make a minimum level of contribution to that scheme.
Sandra concluded by saying that these Workplace Pension Reforms were relevant to quite a number of people. Sandra also said that anyone who thinks they will be affected by the measures can get information via www.dwp.gov.uk/workplacepension
Labour MP Highlights Workplace Pension Reform
Labour MP Sandra Osborne has highlighted a programme of workplace pension reforms which will be starting off in October 2012.
Sandra said:
The Government intends to introduce a programme of reforms later this year aimed at people who have inadequate workplace pension arrangements.
Sandra said:
At the present time only one third of private sector employees are saving into any form of pension . Recent statistics also suggest that at least 7 million people are not saving enough to meet their retirement aspirations.
Starting from October 2012 all employers beginning with the largest firms will have a new duty to automatically enrol all eligible workers into a workplace pension and to make a minimum level of contribution to that scheme.
Sandra concluded by saying that these Workplace Pension Reforms were relevant to quite a number of people. Sandra also said that anyone who thinks they will be affected by the measures can get information via www.dwp.gov.uk/workplacepension