Gov't Urged To Bring In 'Partial' Pension Contribution Option
By Martin Croucher (September 27, 2021, 2:18 PM BST) -- The government should introduce a "partial" system of workplace pension enrollment, allowing financially pressed Britons to reduce the amount they put into their saving plans while still receiving contributions from their employer, a financial advice company said on Monday.
Quilter PLC said the measure could help boost the number of people signing up for workplace pension schemes, which has reached a plateau after years of steady growth.
The government has required companies to automatically enroll staff in workplace pensions for almost a decade. The rules require employers to pay 3% of an employee's salary into their pension, while an employee is...
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