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The beauty of workplace pensions

December 22, 2015 15:49
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By

Ros Altmann,

Ros Altmann

3 min read

Pensions are vitally important and, as Minister for Pensions, I'm on a mission to ensure everyone gets the chance to save for a good retirement.

Throughout my career, I have been trying to help make pensions as clear and straightforward as possible both for ordinary savers and the employers who support them in putting money away for later life.

Since 2012, the UK has been engaged in an unprecedented effort to encourage more people into pension-saving. Automatic enrolment has seen more than five million employees start saving into a workplace pension, which, in future, could give them and their family financial security.

By 2018, every employer in the UK will need to help their workers with pension-saving. It's the law.