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Pensions Regulator Sees Success Despite 'Challenging' Year

Law360, London (July 12, 2018, 6:29 PM BST) -- The Pensions Regulator said in its annual report on Thursday that it had experienced a challenging but successful financial year, raising the total number of employees automatically enrolled in savings schemes even amid pressure after several big companies fell apart with massive pension deficits.

The regulator spelled outs its successes in the last 12 months, saying 1.1 million employers are now compliant with their autoenrollment duties, which force them to enter staff in a pension plan. More than 99 percent of members of multiemployer "master" trusts,...
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