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Morrisons launches pension scheme tailored for auto-enrolment

Morrisons has launched a cash balance pension scheme in preparation for its auto-enrolment staging date on 1 October.

Capita Hartshead has signed a five-year contract with Morrisons to provide pension scheme administration and auto enrolment processing for its scheme.

Morrisons is one of the first four large UK employers to have a 1 October 2012 staging date. Approximately 120,000 Morrisons employees will be given the opportunity to join.

Wendy Taylor, head of central HR services at Morrisons, said: "We are committed to helping our colleagues with retirement savings and wanted very easy-to-use tools for members."

The contract starts with immediate effect.