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DWP says employees and employers are keen for auto-enrolment

The Department for Work and Pensions says nearly 70 per cent of employees who would be eligible for automatic enrolment believe they will save through the workplace pension reforms when they are introduced in 2012.

The DWP surveyed 754 employees and says 64 per cent believe that automatic enrolment into a workplace pension with an employer contribution is an attractive option.

Pensions Minister Rosie Winterton says: “We are all living longer, healthier lives, with increasing expectation for our lifestyles in retirement. But we know that there are around seven million people not saving enough for retirement, which is why we introduced these reforms. More and more people are becoming aware of the need to save for later life, and appreciate that these reforms will have an important role to play in ensuring that people can look forward to the sort of retirement they have in mind.”

The department also surveyed over 2,000 employers and found that nearly 60 per cent say the workplace pension reforms are a good idea.

Winterton says: “I welcome this indicative research that shows a majority of employers believe the workplace pension reforms to be a good idea. I look forward to continuing to work closely with employers to make sure they have the information and help they need as we implement these reforms.”

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In Focus — May 2015: private medical insurance market in Germany

Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.

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