Auto-enrolment

The pensions industry is ‘widely and justifiably distrusted' and must redeem its reputation with the public to kick start a savings culture in the UK, a think tank warns.

BlackRock has become the latest in a line of providers and asset managers to launch a master trust before auto-enrolment.

Focusing on simple messages will be a key part of ensuring the success of auto-enrolment, pension minister Steve Webb says.

Rachel Dalton questions the push to lift the contribution cap for NEST

Providers are split on whether employers or insurers have responsibility for holding employee contributions during opt-out periods.

The government has made no significant amendments to legislation exempting ‘dual status' workers who are subject to labour laws in both the UK and another European country from the auto-enrolment process.

House of Fraser has closed its defined benefit pension schemes to future accrual after the shortfall in the two funds shot up by more than £50m last year.

Extending working lives and promoting private pensions are essential in making pension systems sustainable and adequate according to the OECD.

The trustees of the National Employment Savings Trust must take legal action against the government's decision not to remove contribution limits to the vehicle, shadow pensions minister Gregg McClymont says.

NEST Corporation is looking to bring its staging date forward to October, in a move that will see it auto-enrol staff two years earlier than expected.