Auto-enrolment

Auto-enrolment

FORTHCOMING DEVELOPMENT: The Pensions (Extension of Automatic Enrolment) (No. 2) Bill received Royal Assent on 18 September 2023 as the Pensions (Extension of Automatic Enrolment) Act 2023 (the Act) and was published on 19 September 2023. The Act had started life as a private Member’s Bill sponsored by Conservative MP Jonathan Gullis in order to amend provisions in the Pensions Act 2008 (PeA 2008) in order to give regulation-making powers to the Secretary of State for Work and Pensions to reduce the lower age limit at which otherwise eligible workers must be automatically enrolled and re-enrolled into a pension scheme by their employers, as well as removing the Lower Earnings Limit from the qualifying earnings band so that contributions are calculated from the first pound earned, and also to make regulations modifying the requirements of the annual review of the qualifying earnings band.

The Department for Work and Pensions (DWP) had previously announced its support for the proposals to expand pension saving to younger and low earners as it sought to fulfil the ambitions for the expansion of auto-enrolment as set out in the government’s

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