Starting from October 2012, up to 11 million workers will be automatically enrolled into a workplace pension. Larger employers will go first, with small and medium sized employers following over the next six years. A workplace pension is a way of saving for retirement arranged by an individual’s employer. It is sometimes called a ‘company pension’, an ‘occupational pension’ or a ‘works pension’.
This booklet gives key facts about automatic enrolment into a workplace pension for individuals and employers. It also helps stakeholders and employers to plan their own communications to workers about automatic enrolment. This booklet is a basic guide and does not cover every circumstance. Some of the information may become inaccurate over time, for example because of changes to the law.