Employers will be required to contribute to a pension scheme on behalf of their workers, as part of legislation introduced to parliament in today's Queen's speech.
The new Pensions Bill includes powers to introduce mandatory employer contributions into a qualifying pension scheme, and to require the automatic enrolment of eligible employers.
It also enables the Personal Accounts Delivery Authority to move from acting in an advisory to an executive capacity, and for a personal accounts scheme to be set up.
The government said automatically enrolling eligible workers into a pension would tackle current behavioral barriers to pension saving. However, individuals would have the tight to opt out.
It added the introduction of a minimum employer contribution would improve incentives to save and increase pension participation.
The personal accounts scheme will aim to give those without access to a good quality pension scheme, in particular low to moderate earners, the opportunity to save. The governnment estimates seven million people are currently not saving enough for retirement.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers