Overwhelmed by all the pension jargon? Fear not, our pension glossary has you covered. All the important terms and acronyms explained right here.
What is Auto-enrolment?
Auto-enrolment means that most employers must automatically enrol their employees into a pension, with both employer and employee making contributions. The employee is free to opt out of the scheme, but doesn’t need to do anything in order to be enrolled into it. To see whether your employer is obliged to auto-enrol you in a pension, check the DWP website.