Auto-enrolment

Auto-enrolment is linked to the new national pension scheme that is set to be introduced in 2012 called NEST.

The term refers to the process in which all employers have to offer a company pension scheme and all employees are automatically enrolled into the scheme under NEST.

Auto-enrolment will be gradually introduced from October 2012 and September 2016, starting off with larger companies, followed by medium-sized employers and finally smaller businesses though firms are free to set up the scheme earlier than the deadline.

	Pension charges to be banned under auto-enrolment The government has announced an outright ban on pension consultancy charges under auto-enrolment and is consulting on a cap on defined contribution scheme charges.
	Auto-enrolment numbers hit one million after one year The number of employees now enrolled in an auto-enrolment pension has breached one million less than a year after the introduction of the government’s flagship scheme.
	Aviva: 37% of employees plan to opt out of auto-enrolment A new study by Aviva reveals that 37 per cent of employees plan to opt out of auto-enrolment and a further 28 per cent are undecided.
	Auto-enrolment is here: How will it affect you? Auto-enrolment started this week, initially only for employers with more than 120,000 employees but it will be gradually rolled out to almost all employers by 2018.
	Pensions: Auto-enrolment begins today for biggest firms The government’s new pension scheme, auto-enrolment starts today for the UK’s biggest companies and it is hoped more than four million people will be using it by May 2014.