Any other week the topic of pensions would maybe draw interest from a small, select group of people.
This week the topic of pensions is everywhere. The impact of the public sector strikes on November the 30th is huge and will inevitably effect the whole country in some way. It is therefore natural, that we start to think about our own future financial security and the word pensions suddenly starts to hold a much greater meaning.
Automatic Pension Enrolment a phrase which doesn’t mean a lot to most people today but by October 2012, much like the public sector strikes this week will be everywhere.
What will this this mean to you?
Basically, every single business in the country will start contributing towards their staff pensions from October 2012. This is a huge undertaking and, with this in mind the government has outlined various guidelines and stages which must be followed. The stages are dependent on the size of your business or the business you are part of. Every company will be taking part between October 2012 – and October 2016.
So, what do you need to do now?
There’s lots of advice and information out there whether you work for a company and are interested to know when it will start effecting you and your future, or whether you are a business and need to be aware about how and when it will be effecting your business and how to go about making plans.
Check out the below addresses.
If you have a spare 2 minutes it would be helpful if you could complete our 2011 SSLPost pension survey https://www.surveymonkey.com/s/sslpost