What Is A Workplace Pension?

The State Pension is often not enough for people to live on in retirement.  The government have therefore made it compulsory for all employers to provide a workplace pension to help top up your retirement income.  Workplace pensions are good because it is not just you who contributes, your employer does as well.  Every employer must now automatically enrol workers into a workplace pension scheme if they are aged 22 and over but under state pension age, earn at least £10,000 a year and work in the UK.

The value of pensions can fall as well as rise, you may get back less than you invested.

The FCA do not regulate auto enrolment.

• Can I Increase Contributions In To My Workplace Pension?
• Is State Pension Age Going Up? What Will It Be In The Future?
• I’m The Only Director Of My Own company. Do I Need An Automatic Enrolment Provision In Place?

The Financial Conduct Authority do not regulate auto enrolment