Auto-enrolment

Awareness of and confidence in auto-enrolment has increased in firms of all sizes but small and micro-employers still have work to do, research from the Pensions Regulator says.

Randstad has appointed Now:Pensions as its auto-enrolment provider for its 20,000 agency workers.

The reduction in defined benefit schemes has resulted in an overall lower pensions coverage, research from Office for National Statistics shows.

UK workers are the worst prepared in the world for retirement and face a 12-year shortfall in retirement income, according to HSBC research.

National Employment Savings Trust's annual contribution cap of £4,400 may prevent its target customers from achieving an adequate retirement income, the Pensions Policy Institute has said.

Jelf Employee Benefits has appointed Lee Coles as head of its retirement division as part of a restructuring to cope with the Retail Distribution Review and auto-enrolment.

State pension changes will work with automatic enrolment rules to ensure it actually 'pays to save' for retirement, the pensions minister has said.

Employers should not be as worried as they currently are about the definition of ‘worker' for auto-enrolment, consultants have advised.

Employers who have reached their staging date or are preparing to go live in the coming months may be hit by the proposed simplification of auto-enrolment rules, industry figures have warned.

Increasing contributions above the minimum level for auto-enrolment is not a priority at present, says pensions minster Steve Webb