Employers are finally engaging with employees to help them save for their futures
Elliott Silk, head of employee benefits at Sanlam, has commented on new data from the Office for National Statistics on employees eligible for automatic enrolment with regard to workplace pensions.
He said: “The impact of automatic enrolment is beginning to turn heads, and employers are finally engaging with employees to help them save for their futures. Across the board, it is positive that contributions from smaller private sector businesses rose following the changes implemented earlier this year, enhancing the relationship between employer and employee.
“These businesses now need to ensure that their employees are given access to the right information and support to ensure they are making the most of their contributions. It is also important that employers specifically target younger workers who will be working longer, and building up a greater pension pot.
“Employers need to continue engaging with their employees to encourage further participation in workplace pension schemes.”
