The Pensions Act 2008 is a significant change as for the first
time employers will be required to contribute to their
employees' pensions. From 2012, employers will be required to
automatically enrol eligible "jobholders" into a
qualifying workplace pension scheme, with a minimum employer
contribution. The Department for Work and Pensions has been
consulting on the detail of the auto-enrolment requirements.
Employers who already make some form of pension provision will
need to focus on how to adapt current pension and payroll
arrangements to comply with the new autoenrolment regime. Scheme
rules, contracts of employment and staff handbooks will all need to
be revised to deal with the deduction of contributions. But the
many employers who do not make any form of pension contributions
will also need to budget for the minimum contributions of three per
cent of "qualifying earnings" (see below) when
auto-enrolment comes into force. Unlike for stakeholder pensions,
there
