The Royal Bank of Scotland has become the first UK company to auto-enrol its workforce under the government's requirements, with 40% of newly enrolled members choosing to opt out.
RBS already operates a form of auto-enrolment for its workforce where employees are given an additional 15% of salary for its flexible benefits package. Four percentage points of this is automatica...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
