Auto-enrolment

Auto-enrolment staging dates and contribution increases for thousands of firms will be delayed or changed, the pensions minister confirms.

Auto-enrolment will not work without clear and transparent charges from pension schemes, the National Association of Pension Funds said today.

The government is set to delay auto-enrolment for any firm with fewer than 50 employees indefinitely, a report says.

The government must not delay the auto-enrolment timetable and it is essential political consensus around the reforms is maintained in spite of economic hardship, Labour says.

The vast majority of employers are still not completely up to speed with auto-enrolment requirements with less than a year until duties begin, a poll shows.

The Department for Work and Pensions is set to spend £10m on communications to ensure auto-enrolment is a success, pensions minister Steve Webb says.

The trust-based defined contribution landscape remains composed of a vast number of small schemes that do not offer "value for money", according to The Pensions Regulator.

High quality financial advice during de-risking exercises is crucial to ensuring the process is open and fair to members, pensions minister Steve Webb says.

The latest Pensions Act brings measures designed to make auto-enrolment more financially palatable for employers into force.

B&CE has launched a super trust called ‘The People's Pension' to rival NEST, which it hopes will attract one million members.