Pension reforms: what you need to know

Workplace pension law is changing and the changes will affect every employer in the UK.

The Government estimate that over seven million workers are not saving enough for their retirement, so they're introducing changes to workplace pensions to address this issue.

These changes will affect you

From October 2012 onwards, the new legislation will be introduced and affect every employer, even if you only employ one person. You'll be required to put a suitable workplace pension in place, automatically enrol your workers (referred to as 'jobholders') and contribute to their pension.

Employers need to be aware of their new responsibilities and begin to think about introducing the changes now.

B&CE – helping you through the changes

There's a lot to think about but we're here to help you manage the changes. We've 30 years' experience running workplace pensions and 10 years' experience managing similar systems to automatic enrolment, so you're in safe hands.

The People's Pension

When we were asked for our response to the pension changes, we answered with The People's Pension. It's a straightforward workplace pension designed to take the hassle out of setting up and administering automatic enrolment.