As a nation we are living for longer, which is great. But this also means that we could have more time to spend in retirement, which means we need to save more.
Introduced by the Government, Auto-enrolment is legislation that requires UK employers to enrol employees into a pension scheme. However, you will only be automatically enrolled if you meet certain criteria. If you do not meet this criteria, you can still choose to opt in to the Scheme.
The idea is to give you some support with your saving, because once you are in the Scheme and putting some money away for yourself, ABF will contribute towards your pension too – that’s free money!
The ABF Pension Scheme meets all the requirements of Auto-enrolment legislation; the Defined Contribution (DC) section of the ABF Pension Scheme will be used by ABF for the enrolment of its employees.