Auto-enrolment

Schemes should look to technology and behavioural design to help members make the best financial decisions, according to a behavioural finance specialist.

Businesses who use a net pay arrangement for defined contribution (DC) funds should reconsider enrolling their lowest earners into that scheme, Baroness Ros Altmann has said.

Kim Kaveh asks if the benefits of matching contributions are being communicated sufficiently.

Around three quarters of eligible private sector employees saved into a workplace pension in at least three of the last four years, data from the Department for Work and Pensions (DWP) has shown.

According to the DWP

This week's top stories include estimates suggesting a 20% flat rate of tax relief could save the Treasury £13bn.

Just small differences in approach to saving for retirement could cause people to lose huge portions of income, according to research by Royal London and Milliman.

Smart Pension has completed a £15m funding round to enable it to offer its services to large clients, acquire sub-scale master trusts, and expand overseas.

More than a fifth of over-55s have opted out of auto-enrolment (AE), Now Pensions' customer data has suggested.

The Scottish National Party (SNP) has promised to put pressure on the next government to extend automatic enrolment (AE) to the self-employed and low paid.