The 2012 Pensions Revolution - Auto-enrolment - what do you need to do

23 May 2012

October sees the introduction of major changes to the UK pensions system, designed to extend coverage to millions of employees who currently have no private retirement savings.

All employers will potentially be affected by the changes. For the first time, employers will be compelled to make contributions to employees' pensions. The cost to employers will depend on the make-up of the work force, whether employees opt out and the nature of any existing pension scheme. Identifying and planning for the new regime is essential. Private equity houses will need to consider the impact these changes might have both on current portfolio

This is the second in a series of specialist briefings on the subject entitled Auto-enrolment: What do you need to do? providing an overview of compliance requirements for employers.