The latest stage of the government’s auto-enrolment programme has seen a 95% compliance rate among small businesses.
The auto-enrolment system was started in 2012, and aimed to ensure that workers save to enable them to top-up their state pension on retirement. This has reversed falls in workplace pension saving.
The full roll-out is going to take years to complete, but MPs and regulators have welcomed a successful take-up by workers and compliance by employers – both of whom pay into the pension pot. Give us a shout to find out more.