News
December 2007
Pensions Bill 2007
The Pensions Bill 2007 was introduced to parliament today. It aims to give all employees aged over 22, earning more than £5,000 a year, access to a good workplace pension with a minimum employer contribution.
Secretary of State for Work and Pensions, Peter Hain, said: “Automatic enrolment and the introduction of a compulsory employer contribution would be a huge social change – resulting in millions more savers, and billions of pounds more being saved towards retirement.”