Jonathan Watts-Lay, Director, WEALTH at work comments on the new legislative changes and the introduction of auto enrolment next year.
With new legislative changes and the introduction of auto enrolment next year, it makes the provision of financial education and specialist advice more important than ever - especially if employees are to make appropriate decisions in relation to their retirement. In a recent survey conducted by WEALTH at work, 52% of companies believe that auto enrolment will be greeted both positively and negatively. Effective communication and financial education is required so that employees do not view the introduction of auto enrolment as simply a pay cut. Instead, it should be about making essential provision to secure their long term financial well-being.
Please see the Time for Employees to Reassess Pensions article on the People Management website.
