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Employee reward and benefits news
Employers given more pensions auto enrolment information
Employers have been given more of the information they need to plan their move to auto enrolment company pensions schemes.
The Department of Work and Pensions has now published its response to the consultation on the Pensions Act, meaning that businesses have more of the information they need to create pensions schemes that fit in with the new legislation.
Insurance company Aviva has said that companies should act now, rather than waiting until a time nearer the deadline.
Paul Goodwin, director of workplace savings at the company, welcomed the information, saying it has given employers and the pensions industry the chance to work together and "get this right" for employees.
"Companies that leave the planning to the last moment could be making a mistake as they will need time to consider the best solution for their business, whether it is implementing a new scheme, adapting their current pension or offering a second scheme, such as NEST," he said.
Posted by Editorial Team
February 3rd 2012
