Pensions minister Ros Altmann talks to PBUK delegates about auto-enrolment, pension flexibilities and communicating state pension reforms.
Speaking in a video (embedded below) introducing last week's Pensions and Benefits UK, the minister warned the industry against complacency over auto-enrolment, as the project reached its half way point.
She said she was "under no illusions" over how much work remained to be done.
"We shouldn't be complacent because only around 3% of employers have actually been auto-enrolling their staff - the huge, vast majority of employers are still to go."
She continued: "We've done the easy bit, we need now to make auto-enrolment work for everyone and that will be a much tougher ask."
On the retirement flexibilities brought in this April, Altmann said: "There is a huge amount left still to do. Providers need to help people access their pensions flexibly. People themselves need to understand the risks and challenges involved."
Altmann added that her predecessor Steve Webb had been responsible for "major and radical reforms", including the flat-rate state pension that will be introduced next year. She said there was still lots to be done to communicate the new benefit before then, however.
The video comes after Altmann pledged to 'clear up' confusion over the new state pension in a series of comments on Twitter at the end of last month.
Altmann she had "been left to clear up the previous lack of clarity" with regards to the new rules but promised she would try and help people understand the new system.
She specifically said she would help people understand the impact of contracting out on the new State Pension - getting the message across that they were receiving a lower state pension because some of their past contributions had been channeled into different schemes.
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