New U.K. Law Requires Employers To Enroll Workers Into Workplace Pensions

LONDON—British employers will be required starting next year to enroll all eligible workers into a qualifying workplace pension scheme as well as to make minimum contributions, under a new United Kingdom law that gained final approval Nov. 3.

The Pensions Act 2011 received royal assent Nov. 3, the final step of a bill’s parliamentary passage. Introduced at the start of 2011, the new law also raises the state pension age to 66 by 2020 and links occupational pension payments to the Consumer Prices Index measure of inflation instead of the Retail Prices Index (10 PBD, 1/14/11; 38 BPR 112, 1/18/11