June 20, 2012 – The UK’s pension minister, Steve Webb, is about to get an education into how employers are reacting to the government’s new auto-enrol pension scheme.
The minister is facing a pensions audience on Thursday, speaking at a National Association of Pension Funds (NAPF) conference, and is expected to get an earful about the plan’s design and implementation process.
The plan is scheduled to be implemented this October, with 1.2 million employers automatically enrolling eight million employees in a process designed to produce more pension coverage in the private sector.
But pension experts complain the new system is overly complex and is proving to be a problem for employers.
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