Auto-enrolment

Employers which pay just lip service to their auto-enrolment (AE) duties risk being sued if members fail to receive good outcomes, according to Royal London and Eversheds Sutherland.

The Pensions Regulator (TPR) has successfully prosecuted a bus company and its managing director for deliberately failing to provide staff with a workplace pension scheme.

Smart Pension is seeking to introduce a mechanism whereby its savers can add to their pension pot when making purchases online or the high street.

A raft of consultations and draft regulations will greet the industry over the coming weeks and months, the pensions and financial inclusion minister confirms.

The three chairmen of the DWP's review of AE explain their key thinking around the future of the flagship programme. James Phillips reports

Auto-enrolment has proved a great success in its first five years, says Chris Knight, but the financial services sector has much work to do to ensure Britain's workers actually end up enjoying a comfortable retirement.

National retirement income targets are needed to help savers understand whether they are putting away enough money for old age, the Pensions and Lifetime Savings Association (PLSA) suggests.

Nudged winter fuel payments into life

October 2017 marks the fifth anniversary of auto-enrolment. Stephanie Hawthorne assesses its progress so far and looks at areas for future improvement.

The 2017 edition of The Future Book suggests many default funds are not diversified enough to protect savers against market downturns, James Phillips reports.