Committee continues inquiry into automatic enrolment in workplace pensions
25 January 2012
The Work and Pensions Committee is continuing its inquiry into automatic enrolment in workplace pensions and the National Employment Savings Trust.
- Parliament TV: Automatic enrolment in workplace pensions and the National Employment Savings Trust
- Inquiry: Automatic enrolment in workplace pensions and the National Employment Savings Trust
- Work and Pensions Committee
Witnesses
At 9.30am, Wednesday 25 January 2012, Wilson Room, Portcullis House
Department for Work and Pensions
- Steve Webb MP, Minister of State for Pensions
- Jos Joures, Head of Workplace Pension Reform
The Pensions Act 2008 introduced reforms to workplace pensions. Beginning in October 2012, a staged process will be introduced which will require all employers to automatically enrol their workers into a qualifying pension scheme if they are not already enrolled in one (“auto-enrolment”). Employers will also be required to contribute towards workers’ pensions.
A new pension scheme called the National Employment Savings Trust (NEST) has been established by the Government to provide a simple, low-cost pension scheme. Employers may choose to enrol employees into a NEST scheme or another existing pension scheme.
This is the final oral evidence session for this inquiry. The Committee will question the Minister about delays to the timetable for auto-enrolment, pension scheme charges, restrictions on the operation of NEST and communications with employers and the public.