The National Association of Pension Funds (NAPF) has received approval from the upper house of the U.K. parliament regarding new pensions regulation, IPE reports. The regulation will need employers to enroll employees in pension schemes.

NAPF may include a waiting period in the bill, allowing employers three months before they enroll new employees into existing pension schemes, as well as certification that will allow them to auto-enroll employees into existing schemes. Large employers will be required to start implementing the new regulations next year, while U.K. employers within three years.

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