Auto-enrolment

The National Association of Pension Funds has hit back at "completely absurd" claims it is watering down its code of conduct on charges.

Employers must undertake financial education for their workforces before auto-enrolment kicks off, a behavioural finance expert argues.

Only one in ten employers understands how to discharge their duties under auto-enrolment, Department for Work and Pensions research shows.

LCP has teamed up with Staffcare to take its auto-enrolment and flexible benefits propositions online.

The Trades Union Congress has called on the government to ban employers from passing on scheme consultancy charges to auto-enrolled staff.

Millions of savers will be vulnerable to conflicts of interest and a lack of oversight as they are auto-enrolled into contract-based pension schemes, FairPensions has warned.

The number of people saving through a workplace pension scheme has dropped 15% since 2007, with just a quarter of workers actively saving for retirement.

ISS UK has appointed Now:Pensions to provide an auto-enrolment scheme for its workforce from its staging date of January 2013.

The Royal Bank of Scotland has become the first UK company to auto-enrol its workforce under the government's requirements, with 40% of newly enrolled members choosing to opt out.

The number of people contacting The Pensions Advisory Service helpline has increased 8% this year as the organisation begins taking calls on auto-enrolment.