Law and Regulation

As the number of workers in AE reaches 10 million, the pensions minister says it's time to take stock of this successful policy

Company directors who deliberately or recklessly put their workers' pension funds at risk face seven years in prison under plans to crack down on "acts of astonishing arrogance and abandon".

Auto-enrolment (AE) has now brought 10 million workers into occupational pensions since its introduction in 2012, latest government figures reveal.

The Pension Protection Fund (PPF) compensation cap will rise by £1,014 from April, the lifeboat fund has confirmed.

An accounts manager has been ordered to pay £5,000 after trying to hide that fact that restaurants he worked with had not given their staff access to workplace pensions.

The government should invest in a bespoke survey on attitudes to work and pensions to avoid "missed opportunities", a feasibility report has concluded.

Products which allow the public to save into both a pension and a liquid pot are an opportunity that all employers should be embracing, Guy Opperman has said.

The Financial Conduct Authority (FCA) has warned the public to be vigilant of investment scams as Action Fraud reveals more than £197m was lost to scams in 2018.

A six-year delay in overhauling a pensions rule that penalises the low paid could cut a saver's pension by as much as £12,000, according to the Trades Union Congress (TUC).

As the DWP's consultation on consolidation comes to a close, Stephanie Baxter takes a look at the industry's responses