Auto-enrolment

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.

The National Employment Savings Trust has backed calls to remove legal restrictions blocking it from taking transfers in and limiting contributions.

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Auto-enrolment will cause default investment strategies to become more risk-averse as thousands of new savers pour into schemes, say respondents.

A "simplification" of auto-enrolment legislation will be carried out in around a year's time, Steve Webb has said.

The National Employment Savings Trust has announced 11 more large employers are using it for auto-enrolment.

The benefits of auto-enrolment have been accepted by the majority of consumers and many believe the policy means they can "stop worrying" about making a start on pension saving, research has found.