What is auto-enrolment?
Auto-enrolment is a UK Government initiative aimed at helping more people save for the future through a workplace pension.
In the past, not all employers offered a workplace pension, or if they did, not all employees joined.
Auto-enrolment makes it compulsory for employers to automatically enrol their eligible workers into a workplace pension. Both the employee and employer must contribute to the pension plan. If an employee chooses not to contribute then they can opt out. If they do this it means their employer doesn't have to contribute to their plan.
When the UK Government introduced auto-enrolment they set minimum contribution limits for both employees and employers, and these limits will gradually increase over time.
Change to auto-enrolment
In April 2019 the minimum contributions increase. Your American Express pension already meets the 2019 minimum contribution level. Your employer will always contact you about any increases to your contributions.
If you want to find out more about the increases and whether they'll affect your contributions, or if you're unsure if auto-enrolment applies to you, speak to your employer.