Auto-enrolment

The Organisation for Economic Co-operation and Development has said auto-enrolment is making good progress but pensions minster Steve Webb wants to ‘manage expectations' before early opt-out rates are published.

John Taylor, former intermediaries marketing director at Scottish Widows, joined the National Employment Savings Trust today.

PP Scheme Excellence interviews: Jonathan Stapleton talks to Marks & Spencer’s Julie Parker-Welch about its AE master trust

The Pensions Management Institute is looking to create partnerships with other industry bodies in a bid to boost take-up of its auto-enrolment qualification.

Lloyds Banking Group has seen its defined benefit surpluses increase along with strong performance from corporate pension provider Scottish Widows, its final results show.

Friends Life has launched its auto-enrolment offering for employers.

Schemes should design auto-enrolment procedures with a longer term focus than the staging date, Tesco corporate pension manager Karen Wake says.

Small and medium sized employers may attempt to offload auto-enrolment set-up costs onto workers via consultancy charging if they are not properly scrutinised, the Pensions Regulator chief executive Bill Galvin says.

Industry insiders fear that awareness of auto-enrolment remains alarmingly low.

The Department for Work and Pensions has proposed changes to TUPE rules to ensure employers receiving transferred members are not forced to pay contributions higher than the auto-enrolment minimum.