{"id":260926,"date":"2025-07-13T06:49:14","date_gmt":"2025-07-13T06:49:14","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/260926\/"},"modified":"2025-07-13T06:49:14","modified_gmt":"2025-07-13T06:49:14","slug":"major-announcement-on-change-to-workplace-pensions-expected-next-week","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/260926\/","title":{"rendered":"Major announcement on change to workplace pensions expected next week"},"content":{"rendered":"

Chancellor Rachel Reeves is expected to outline changes to pension auto-enrolment next week\"ChancellorChancellor of the Exchequer Rachel Reeves(Image: Ben Whitley\/PA Wire)<\/p>\n

Employers could be forced to raise contributions to staff retirement pots as part of the Labour <\/a>government\u2019s pension <\/a>review, a Guardian exclusive reports<\/a>. Industry sources told The Guardian that the change could be announced as early as next Monday.<\/p>\n

The change to pension contributions is expected to form part of Chancellor Rachel Reeves<\/a>‘ review of auto-enrolment pension scheme. Currently the scheme sees pension contributions of 8% of worker earnings, with employees paying in 5% and employers adding 3%.<\/p>\n

The review will be led by the Department for Work and Pensions<\/a>. It is not yet clear what amount the contribution could be raised to.<\/p>\n

The Chancellor will outline her plans for the government’s financial services strategy, which is expected to include details of pension auto enrolment changes, at a Mansion House <\/a>speech on Tuesday.<\/p>\n

What is pension auto enrolment?<\/p>\n

The pension auto-enrolment scheme was introduced into 2012 and was meant to ensure that every worker has access to a private, as well as their state pension.<\/p>\n

If you have a job, your employers may offer you a workplace pension and in some cases you will be automatically provided with a pension scheme.<\/p>\n

This is known as \u2018auto enrolment\u2019.<\/p>\n

Your employer must automatically enrol you into a pension scheme and make contributions if all of the following apply:<\/p>\n