Ride-hailing company Uber is launching a pension scheme for its 70,000 UK drivers that will require it to make payments back to 2017, following its Supreme Court loss earlier this year.
Private hire drivers will be auto-enrolled onto the scheme, which will see Uber contribute 3% of a driver’s earnings into a pension plan – the minimum required under UK employment law. Drivers must make a minimum contribution of 5% and can choose to opt-out.
The Uber driver pension will be provided by NOW:...