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Monday 10 September 2012

Many employees 'unaware of automatic enrolment scheme'

Many people in finance jobs are still unaware of the incoming automatic enrolment programme, despite it launching in just three weeks time.

The new law is being introduced by the government on October 1st and is aimed to make it much easier for people in the UK to save for their retirement.

This is because the automatic enrolment scheme will require every employer to enrol their entire workforce into a qualifying workplace pension programme, if they have not already done so.

However, the Workplace Pensions Report 2012 by Scottish Widows has found that 52 per cent of employees have no idea that the scheme is coming into force next month.

Lynn Graves, head of business development for corporate pensions at Scottish Widows, commented: "Auto-enrolment is designed for people who traditionally don't have access to a workplace pension scheme, such as smaller employers or those with lower incomes, and it is clear that information is still not reaching the audience it's intended to target."

As a recruitment provider to many of the UK's major banks, mortgage lenders and building societies Aaron Wallis have a deserved reputation within Financial Services recruitment. Their dedicated FS consultants recruit sales professionals across Retail Banking and Financial Services including IFA's and Mortgage Broking.

Source: The Sales Executive News

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