Auto-enrolment

The UK pension system has been ranked seventh in a Mercer study ahead of the USA, Germany and France.

Consolidating pension pots through a pot follows member system is more cost effective for than alternative forms of accumulation, Department for Work and Pensions statistics show.

More than half a million low-paid workers could lose out on thousands of pounds in employer pension contributions if the government increases the auto-enrolment earnings trigger, unions have claimed.

A huge positive point that can be taken from the first tranche of auto-enrolment is how some companies have hit the nail on the head with communications and access.

Helen Morrissey analyses the points of view on one of the hottest topics in pensions.

The need to meet both auto-enrolment and transfer of undertakings requirements (TUPE) could see employees enrolled in pensions multiple times, an employment lawyer has warned.

Finance and Technology Research Centre director Ian McKenna has said the auto-enrolment of small to medium sized enterprises will be a "political disaster".

Morrisons supermarket had around 5,000 of its employees actively opt-in to its pension scheme before the official staging date on the 1st of October.

The arrival of auto-enrolment has made the industry focus on communications. Providing clear information to new savers is seen by many as essential to the success of the legislation.

O2 is set to close its final salary defined benefit scheme to future accrual due to poor economic conditions and the impending cost of auto-enrolment.