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Business News (December 2018)

Pensions shake up  The government has announced new plans in relation to workplace pensions. They want to see an automatic enrolment scheme introduced, with an option to opt out for every worker aged 18 or over. This would replace the existing scheme,  where every employee aged 22 or above is enrolled if they earn above £10,000 per annum. Figures show that over 9 million workers within the UK have been automatically been enrolled into a pension scheme; this figure is in addition to the 10.8 million workers who have already contributed to a workplace pension.  The Department for Work and Pensions, in a recent review, have announced that approximately 12 million workers...