Employers forced to cut pay rises to pay for pension plans; Companies warned not to dismiss pay revolts; Axa asks staff to give up index-linked pensions; Pensions worry QE2 will raise liabilities; High price for overstating inflation
Automatic enrolment add-ons could more than double additional annual retirement savings by 2025, a report concludes.
Auto-enrolment will be the "next catastrophe in the pensions industry", delegates at the Society of Pension Consultants conference heard.
The National Employment Savings Trust has unveiled some of the 25 employers already using its services.
Constraints put on the National Employment Savings Trust risk undermining the objectives of auto-enrolment, warn some of the legislation's main architects.
Steve Webb has reinforced his commitment to auto-enrolment being rolled out in 2012, amid reports the government is considering delaying the reforms.
Almost 100 firms have signed up to use the National Employment Savings Trust as the qualifying scheme ahead of schedule.
The government must confirm whether auto-enrolment is to be put on hold or shelved or risk further undermining occupational pensions, industry figures argue.
Bosses have urged the government to clarify "current complexity and confusion" over the nuts and bolts of auto-enrolment.
The shipping industry needs more time to prepare for auto-enrolment because of the unique challenges faced in enrolling offshore workers, First Actuarial says.