Britain begins pension reform | Bangkok Post: Most recent

Most Recent >

Britain begins pension reform

  • Published: | Viewed: 2,353 | Comments: 4
  • Online news:
  • Writer: AFP
- +

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.''

Keep up-to-date with the latest on coup d'etat with Bangkok Post SMS News. Call *451391000 to subscribe – 39 baht/month (7 days free, available in Thailand only) Bangkok Post SMS News: Deliver only trustworthy news on SMS

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

4 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments