Auto-enrolment

Fast food giant McDonalds will use the National Employment Savings Trust for 35,000 hourly-paid workers as part of a two-tier auto-enrolment solution.

Standard life has seen net inflows to its corporate pensions business fall by a third this year as businesses delayed decisions ahead of auto-enrolment.

Employers will have more flexibility to leave the National Employment Savings Trust, under Department for Work and Pensions proposals.

The majority of payroll providers are not as ready as they say for issues brought on by auto-enrolment, Premier managing director Paul Couchman has claimed.

The National Employment Savings Trust has warned small employers should not expect the same level of advice around auto-enrolment as large businesses.

Only 28% of employers are actively modelling how auto enrolment will affect their business according to Aviva research into corporate advisers.

Major household names like McDonalds, Travelodge, the BBC and BT will use the National Employment Savings Trust for auto-enrolment.

The Pensions Regulator will provide leeway for schemes that accidentally break compliance, says the regulator's executive director Charles Counsell.

Zurich is the latest provider to announce plans to enter the master trust market for auto-enrolment.

Hannah Brenton speaks to NAPF chairman Mark Hyde Harrison about why the government needs to overrule the regulator with regards to discount rates.