Just how the system has been run, literally, forever..... It doesn't work, Isn't sustainable in a changing demographic. The idea of #WorkplacePensions gives individuals their own pots to secure their future entitlement, But Gov own figures suggest need 15% of income in there from day 1 to retire....
Employers Urged To Regularly Review Their Workplace Pension Schemes theemploymentlawsolicitors.co.uk/news/blog/pe...
#ukemplaw #employmentlaw #ukemploymentlaw #hr #hrnews #HumanResources #pension #employeebenefits #financialplanning #retirement #workplacepensions
🙄 All the fuss about #WorkplacePensions the report that said you needed 15% of salary in #PensionContributions from day 1 until #retirement to have the right #PensionProvision and here we are, 10 years later still paying 6% or so! Until someone makes the system work as required no amount of
