Low-paid workers who are likely to opt-out of auto-enrolment could be offered a pensions lifeline via a little-known clause in the legislation that permits companies to offer employees schemes with lower savings requirements, Helm Godfrey says.
The employee benefits consultant said auto-enrolment rules will mean all employers will have to provide a pension scheme into which, by 2018, contributions equal to a minimum of 8% of enrolled employee's...
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.