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11 automatic enrolment myths & truths [Free guide]
People are living longer, with healthier lifestyles; as a result the ratio between the workforce and those at a pensionable age is decreasing. People are also planning and saving less for their retirement. The current state pension cannot sustain this change so as a result, workers are being encouraged to save for their retirement through automatic enrolment into workplace pension schemes.
MYTH - Automatic enrolment means every worker in the UK will be forced to save into a workplace pension, without being given a choice
MYTH - Employers are required to set up a brand new workplace pension scheme in order to comply with automatic enrolment
MYTH - Only larger employers are legally required to comply with automatic enrolment
MYTH - Automatic enrolment is not a payroll issue, it will be handled by a different department
MYTH - Automatic enrolment is simple, I won't need any help
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