Pension auto-enrolment has long been on the cards but there is still a communications gap about what the whole process will mean for employers and employees. Auto-enrolment will require all employers, from multinationals to SMEs, to set up a private pension scheme for their workers if they do not already have one. The scheme is intended to help workers plan for the future and to shore up their savings for the long term and for retirement, something that will be particularly important if more and more older people are renting. The private pension will come alongside the state pension of…
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