Industry

Here it is. A summary of recommendations made by this morning's Making Automatic Enrolment Work Review.

The auto-enrolment review has proposed radically simplifying the certification process for existing workplace schemes.

The exclusion of micro-employers from auto-enrolment was ruled out due to the number of employees that would be excluded and because of "substantial" practical issues.

Employers will be allowed three months' grace before auto-enrolling staff into a pension scheme, the Department for Work and Pensions says.

Pensions minister Steve Webb has admitted more than one million additional people would be excluded from automatic enrolment by raising the qualifying level of earnings to £7,475.

The investments, pensions and securities market is the least trusted by UK consumers, and thought as honest as the second-hand car industry by Europe.

The government must be careful about how auto-enrolment feeds into the means-tested system, Society of Pension Consultants president Kevin LeGrand warns.

The National Trust has appointed Punter Southall to provide advice on its defined contribution strategy ahead of the 2012 reforms.

The state pension could be lifted to a £140 per week payment with no means testing, according to new proposals.

Market rumours that rival firms were looking to buy Jardine Lloyd Thompson sent shares in the FTSE 250-listed company shooting up from 21p to 602p yesterday.