Human Capital (Pensions) - Review

    October 2009

    Welcome to our Autumn Review.

    Legislation to be introduced from October 2012 will require employers to automatically enrol eligible employees into either a pension arrangement that meets minimum standards or into a new national pension scheme, known as the personal accounts scheme. Technically, the new employer duty does not include contributing to such arrangements for all eligible employees (because an employee could opt out), but the effect of inertia will inevitably mean increased employer contributions. This is a major change, requiring planning and budgeting at corporate level.