The HRTech Wire

New plans “resurrect” genuine pensions for millions of private sector workers

The UK government has announced plans for default pensions that would give around 17 million private sector workers who save into a pension the option of a retirement income, narrowing the gap with public sector schemes. The source text is a short excerpt, so timing, scheme design and implementation details are not confirmed here. The move is a pension-policy change that employers and their payroll and benefits systems may need to accommodate.