Automatic Enrolment was introduced in 2012 as a way of encouraging us to save for later life. It is government legislation which requires every UK based employer to put their eligible workers into a qualifying workplace pension scheme.
Only workers earning more than £10,000, who are aged between 22 and State Pension age, will be automatically enrolled into a workplace pension by their employers. But if you earn less, you still have the right to join the workplace pension, and you might still be entitled to pension contributions from your employer.
There are lots of benefits of being in a Workplace Pension. You receive contributions from your employer on top of your salary as well as receiving tax relief on the contributions you put in.
STM Group plc (LON:STM) is a multi-jurisdictional financial services group listed on the Alternative Investment Market of the London Stock Exchange. The Group was formed as a strategic investment company specifically to build a leading financial services group originally operating in the international corporate and trustee service provider (CTSPs) sector.