From 2018, all employers will be automatically enrolling their eligible employees into a workplace pension. Automatic enrolment minimum employer contributions will rise for all employers for the first time in April 2018, then again the following year. Given the scale of businesses’ contributions to workplace pensions, understanding how businesses can achieve the greatest return on their investment has become a critical issue.
Businesses that are successful in engaging their employees with their pension scheme have the potential to reap the benefits, particularly in terms of their ability to recruit and retain staff, and to manage their workforce or carry out succession planning.
We would like to hear from employers about the challenges that they face in trying to engage employees with their pension scheme and what ways they think are the most effective. Have your say by filling in our CBI/Aegon UK Workplace Pensions Survey.
If you have any questions regarding the survey, please contact the CBI by email at email@example.com.