Pensions Act “Auto Enrolment” is the biggest change to pensions in generations and the government are concerned that workers are not saving enough for their retirements. To make it easier to start saving the Government have made it law that all employers automatically enrol most employees into a workplace pension. Orion are responsible for PAYE contractors, the Umbrella Company are responsible for Umbrella workers and Limited Company workers are outside of the scope of the regulation.
The worker and the intermediary contribute to the scheme. Orion use a pension provider called NEST and began making contributions to PAYE workers’ pension schemes on the 1st Feb 2014.