The Great British Pension Sell-Off

The following is a guest post from a good friend of mine named Chris Pesterfield. He is perhaps the smartest person I know and his thirst for knowledge, and committed work ethic, makes him a constant source of inspiration. Graduating with a first class degree, he is now working in Brighton. The following are Chris’ own words.

 

I recently received an email from my employer informing me that they would be automatically enrolling me in their pension scheme. This is prompted not by their generosity, but by a new law that requires employers to set up a workplace pension scheme. Oh, and it will be money from my wages that goes into the fund. So the generosity ends with my employer telling me they will be putting some of my money into a fund I can’t access until retirement, unless I opt out.

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