Auto-enrolment

Pensions minister Steve Webb has said the Department for Work and Pensions is considering imposing penalties on employers who do not choose auto-enrolment schemes deemed of a high enough standard.

A clear majority of people will remain in a workplace pension once auto-enrolled, a Department for Work and Pensions survey has shown.

Listen to our latest Pensions Conjecture debate on Auto-enrolment.

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Money being channelled through an insurer's platform into external funds under auto-enrolment could put members' pensions at risk if the fund provider went bust.

A high take-up of auto-enrolment could make the policy a "victim of its own success", a think tank says.

Pensions minister Steve Webb has announced the Department of Work and Pensions will publish its 'Reinvigorating workplace pensions' report on 22 November.

Auto-enrolment will increase the proportion of workers in occupational schemes from one in two to four in five according to research from the Chartered Institute of Personnel and Development.

Six in ten workers will either opt out of auto-enrolment (26%) or will not save more than 5% of their salary in a workplace pension (35%), Friends Life says.

There is an urgent need for clarification on a loophole in auto-enrolment legislation about the definition of hybrid schemes, Lane Clark and Peacock says.