The second hour was time for the first Financial Advice segment with Tommy Corbett in a while.
This time around Tommy’s focus was the new auto-enrollment scheme for pensions. If introduced the scheme would see employers introduce a workplace pension scheme and automatically enroll their employees into the scheme. Employers would then be obligated to contribute a percentage of the employee’s wage to help fund their retirement. The scheme is aimed at middle income earners who have no private pension and the government hopes to see this implemented by 2022.
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