Automatic enrolment: big change to employees’ pensions

-

Well-known bosses including stars of BBC’s Dragons’ Den and The Apprentice, Theo Paphitis and Karren Brady are featuring in a new advertising campaign to raise awareness of the biggest change in pensions for more than 100 years.

The Government’s major “automatic enrolment” programme, being introduced from October, aims to get up to 11 million more people saving in a workplace pension by 2018.

These latest advertisements are part of the Government’s awareness campaign, which encourages people being auto-enrolled by their employers into a pension to respond positively and remain in a scheme.

The adverts run from Monday September 17 until mid-October across TV, radio, print and online media, and feature employers – like Theo and Karren – backing automatic enrolment and saying “I’m in”.

Get our essential weekday HR news and updates.

This field is for validation purposes and should be left unchanged.
Keep up with the latest in HR...
This field is hidden when viewing the form
This field is hidden when viewing the form
Optin_date
This field is hidden when viewing the form

 

Steve Webb, Pensions Minister, said: “I’m delighted that well-known bosses have taken part in our latest awareness campaign, and back the biggest change in pensions for over a century – automatic enrolment.

“People should know that all they need to do is look out for a letter from their employer, and if they do nothing and stay “in” they are effectively getting a pay rise.”

The Department for Work and Pensions (DWP) expects that around two-thirds of individuals will say “I’m in”, and remain saving in a workplace pension. Just 9% in a DWP survey said they would definitely “opt out” and choose not to take part.

This new campaign will see adverts running on ITV, Channel 4, Sky, Channel 5, commercial radio stations and online, as well as print advertisements across the national press, key magazines and the business and trade press. Different types of print advertisements with specific messages will target individuals and employers.

Latest news

Exclusive: London bus drivers’ ‘dignity’ at risk as strikes loom over welfare concerns

London bus drivers raise concerns over fatigue and lack of facilities as potential strikes escalate long-standing welfare issues.

Whistleblowing reports ‘surge by up to 250 percent’ at councils as new rights take effect

Whistleblowing cases are rising across UK councils as stronger workplace protections come into force, though concerns remain about underreporting of serious issues.

Bullying and harassment to become regulatory breaches under new FCA rules

New rules will bring bullying and harassment into regulatory scope, as firms face rising reports of workplace misconduct.

Personalising the Benefits Experience: Why Employees Need More Than Just Information

This article explores how organisations can move beyond passive, one-size-fits-all communication to deliver relevant, timely, and simplified benefits experiences that reflect employee needs and life stages.
- Advertisement -

Grant Wyatt: When the love dies – when staying is riskier than quitting

When people fall out of love with their employer, or feel their employer has fallen out of love with them, what follows is rarely a clean exit.

£30bn pension savings window opens for employers ahead of 2029 reforms

UK employers could unlock billions in National Insurance savings by expanding pension salary sacrifice schemes before new limits take effect in 2029.

Must read

Mandy Flint & Elisabet Vinberg Hearn: Overlook culture at your peril

With General Motor’s culture failings fresh in memory, it’s...

Tracy Stanton: Innovative hiring practices for in-demand roles

Tracy Stanton offers three innovative approaches organisations can adopt to enhance their hiring practices and meet the demands of this rapidly evolving job market.
- Advertisement -

You might also likeRELATED
Recommended to you