Workplace pensions explained

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A landmark scheme to automatically place millions of people into workplace pensions is now under way, with many workers saving for their future for less than the cost of a weekly pint of beer.

Up to 10 million people are expected to be eventually be enrolled in what is hailed as the biggest pensions revolution since David Lloyd George ushered in state pensions a century ago.

A handful of the largest employers, with 120,000 or more workers, must place eligible workers into schemes, with firms gradually being enrolled in a staging process over the next six years.

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