‘Get to know your pension’ and ‘Get to know your responsibilties’
17 October 2017
The Pensions Regulator (TPR) and The Department for Work and Pensions (DWP) have launched a new campaign which aims to reinforce the importance of employees getting to know their workplace pension scheme and employers getting to know their responsibilities.
The campaign will continue to build on automatic enrolment awareness among new employers and those still due to stage. For employees, the campaign aims to change the relationship people have with their pension, moving it from something complex and best ignored to something on their side that they should get to know.
So far over 8.7 million employees have been enrolled into a workplace pension scheme by more than 800,000 employers. New employers now have a legal duty to put staff straight into a workplace pension as soon as they employ them, and by February 2018 the last group of small and micro employers will have met their staging date. In April 2018 we see the first increase in contribution rates.
The fully-integrated, dual branded campaign aims to inspire a life-long savings culture for retirement that’s as natural as checking your bank statements.
The new ‘Get to know your pension’ TPR/DWP web pages have sections for employees, employers and new employers.