Currently, employers do not have to pay into their staff members' pensions if the employee opts out of paying in themselves
Currently, employers do not have to pay into their staff members' pensions if the employee opts out of paying in themselveseven if they do not pay into it themselves, according to a report from the Institute for Fiscal Studies .
As part of a series of reforms aimed to improve retirement incomes, a report from the IFS and the abrdn Financial Fairness Trust says there is a case for employers to contribute at least 3 per cent of total pay regardless of whether their staff opt-out of paying in themselves. Other reforms suggested as part of the research include increasing default employee contributions for people on average incomes and above.
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