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Auto-enrolment investigation panel questions industry

Professional Pensions | 28 Jul 2010 | 11:30

By Jenna Towler

Categories: Defined Contribution, Industry

Tags: Steve webb, Governance, Auto-enrolment, Nest, Pensions minister, David yeandle, Adrian boulding, Department for work & pensions, Dwp

The independent panel of experts tasked with assessing the viability of auto-enrolment and NEST has finished a run of seminars with stakeholders.

steve-webb-1

The independent commission - EEF head of employment policy David Yeandle, Legal & General pensions strategy director Adrian Boulding and led by Institute for Fiscal Studies research fellow Paul Johnson - will return its findings in the autumn.

The Department for Work and Pensions said the panel had met with consumer bodies and representatives from the industry and business community over the past two weeks.

Pensions minister Steve Webb attended the final seminar yesterday.

He said: "It is vital that the review team listen to all parties as they conduct their important work and I welcome these seminars. We need a policy that strikes the right balance between giving people the chance to save in a workplace pension whilst minimising burdens on employers and the Exchequer. "

Webb added he was "absolutely committed to the principle of automatic enrolment".

However, he said: "I am especially concerned to ensure that the system works for women, who for too long have had a raw deal from the pensions system."

The seminars asked:

• How much of a burden will automatic enrolment be to employers?
• Are there any elements of the proposals for automatic enrolment that should be changed?
• Will automatic enrolment get the right people into saving?
• Are there any groups that will not benefit from automatic enrolment?

 

 

Categories: Defined Contribution, Industry

Tags: Steve webb, Governance, Auto-enrolment, Nest, Pensions minister, David yeandle, Adrian boulding, Department for work & pensions, Dwp

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