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DWP researches automatic annual increases to workplace pensions

The DWP has commissioned a new study to examine if employees enrolled in a workplace pension can be encouraged to save more by agreeing to have contributions automatically increased annually.
It will evaluate a small number of case studies with employers who offer and contribute to pensions in their workplace, the first will involve Legal & General.
Minister for pensions reform Stephen Timms says: While methods of joining pension schemes, such as automatic enrolment, can be successful in encouraging people to save for their future, employees do not always act to increase their contributions once enrolled. The study will research if such inertia can be overcome by pre-agreed increases in contributions.

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White paper — Singapore International Insights

Jelf Employee Benefits assesses key trends within the international private medical insurance provision of organisations with employees in Singapore. Benefit structure, cost management and healthcare facilities are examined and key considerations are highlighted. This edition will be of particular interest to global human resource directors and benefit managers with local and expatriate populations in Singapore.

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