Auto-enrolment is a government initiative to make sure people don’t miss out on the chance to save into a pension scheme. Under automatic (or auto) enrolment, employers must make all eligible jobholders members of a workplace pension scheme without needing to opt-in or undertake any action themselves. Employees may then choose to opt-out if they so wish. Those who have opted out must be automatically re-enrolled every three years.
Written by Sahil SethiUpdated over a week ago