Auto-enrolment

The government are yet to develop a grand vision for pensions and should be prepared to resort to compulsion if auto-enrolment fails, delegates heard.

The National Association of Pension Funds has urged politicians to address a record drop in public confidence in pensions or risk mass opt-outs from auto-enrolment.

Some employers might be reluctant to get on board with changes to employment legislation, particularly when it comes to pensions.

With just over a year to go before the largest employers begin auto-enrolling workers into pension schemes, companies need to be prepared, a provider says.

The Office of the Pensions Ombudsman would be unable to cope with the volume of complaints if auto-enrolment fails, says ombudsman Tony King.

The National Employment Savings Trust's transactional website promises to be as 'simple to use as eBay'.

ATP has announced the launch of an independent multi-employer trust to rival the National Employment Savings Trust, ahead of auto-enrolment next year.

The National Employment Savings Trust will allow employers to make scheme contributions using a debit card, a payment method most other providers shy away from.

About one third of employees will opt out of pensions when auto-enrolment comes into force after 2012, Legal & General says.

Punter Southall has launched a tool to assess the cost implications for employers still undecided on how best to implement auto-enrolment.