Britain begins pension reform | Bangkok Post: breakingnews

Britain begins pension reform

Published: 1 Oct 2012 at 21.39
Online news:

Britain's biggest firms were from Monday required to pay into pension schemes aimed at benefiting millions of workers, as the government struggles to finance the cost of retirement.

"The biggest change in pensions for over a hundred years _ automatic enrollment _ starts today,'' the Department for Work and Pensions said in a statement.

"Starting with the largest firms in October, employers will now be required by law to pay into a workplace pension for staff who do not opt out.''

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robins
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Discussion 4 : 02 Oct 2012 at 08.394
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It's too late now, and this will only drive more employers out of Britain. Back when mass outsourcing started, politicians who really cared about the electorate should have assured that goods could only be imported from countries which provided decent working conditions, livable salaries, workers compensation and retirement benefits to their workers. Sadly that did not happen and workers who enjoy those basic benefits are no longer competitive in global markets.
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khunbj
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Discussion 3 : 02 Oct 2012 at 06.323
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Too little....much too late....):
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heartie
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Discussion 2 : 02 Oct 2012 at 01.352
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I got down to 'private pension' and I stopped reading. Does this mean you could invest your pension in a company that may or may not be around when it's time to collect? Maybe I should open a new private pension fund business.
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yik
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Discussion 1 : 01 Oct 2012 at 22.101
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"... introducing this truly historic change ..." other countries have similar schemes in place since decades, 'ask' them, how great (?) it works ;-(
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