Auto-enrolment

Pensions minister Steve Webb has confirmed that women will be hit hardest when the auto-enrolment threshold is raised.

The Department for Work and Pensions is to close a loophole in auto-enrolment legislation which would have allowed employers using the defined contribution sections of hybrid schemes to defer enrolling until 2017.

Ladbrokes has selected Legal and General to provide its auto-enrolment scheme.

The government has set the earnings threshold at which workers are auto-enrolled at £9,440 for 2013/14.

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Pot follows member is a "ruse" to impose higher quality standards on schemes and enforce mergers, according to Michael Johnson.

The Co-operative has added an additional assessment criterion for auto-enrolment to address the issue of fluctuating hours.

Lloyds Banking Group has budgeted more than £1m in costs for implementing auto-enrolment to its 107,000-strong staff.

The Pensions Regulator has begun auto-enrolment with a 24% opt out rate for newly enrolled members and an overall take up rate over 98%.