Lord John Monks has branded the use of band earnings to calculate auto-enrolment contributions an "injustice" and said the government was "committed to excluding the low paid" from the initiative.
Speaking to Professional Pensions, the Labour peer, a trustee director at Now Pensions and former general secretary of the Trade Union Congress (TUC), said many did not realise how band earnings af...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
