Auto-enrolment

Auto-enrolment is a government-mandated process that automatically enrolls employees into a workplace pension scheme. If you're eligible, your employer will include you in the pension plan, and both you and your employer will contribute a portion of your salary towards your retirement savings. You have the option to opt out if you choose, but being enrolled helps ensure you save for retirement without needing to take individual action initially. This system encourages more people to build financial security for their later years by making pension saving a default part of employment.