UK. Government reportedly considering raising minimum pension contribution for employers – is it a good idea?

Experts say the change could be a ‘major boost’ to employees’ financial security but to minimise the impact on businesses, increases should happen gradually Chancellor Rachel Reeves is considering increasing the minimum level for employer pension contributions, according to a report by The Telegraph. The government has had discussions with pension providers and asset managers about how aspects of Australia’s pension system could be replicated in the UK, including employer contributions, the newspaper reported. Employers in Australia must currently contribute 11.5 per...