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
Scottish Life has posted record new business results for the 12 months to 31 December, with total life and pensions business valued at £2.4bn.
The government has confirmed it will consult on proposals to make the process of automatic enrolment simpler.
Schemes should prioritise communications and hold back on more complicated information to avoid disengagement, the PP Pensions and Benefits Communications Forum was told.
Communication teams working on auto-enrolment must learn from the marketing industry, the PP Pensions & Benefits Communication Forum was told.