welbeck group

In response however, The Department for Work and Pensions (DWP) stated “Automatic enrolment will give millions of people the opportunity to save into a pension with a contribution from their employer. Only one in three workers in the private sector is contributing to a workplace pension and our research indicates that 94 per cent of employers say they will maintain or increase their contribution levels. The reforms are being phased in gradually in order to help businesses adjust to the change and are introducing measures including a three-month waiting period to save companies approximately ?170 million each year.”

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