Auto-enrolment

The Department for Work and Pensions (DWP) has amended regulations to provide alternative pay period definitions for assessing jobholder status and scheme quality.

This week Buzz reveals growing confidence in auto-enrolment (AE) but in the minds of respondents there is still a long way to go.

Capita Employee Benefits has appointed Jon Cooke to the newly-created position of head of technology sales to lead the sales and development of its portal and software.

Unsurprisingly, a lot of respondents focused on low opt-out rates as the short-term measure of success for AE, and decent retirement incomes as the long-term goal. On this basis, many contributors said the first year of AE could be deemed a success.

It was a similar story on how the industry thinks The Pensions Regulator (TPR) will fare when the number of employers staging really takes off next year. The percentage of contributors who think the watchdog will be unable to cope fell from 55% 12 months...

The good news is that the industry thinks awareness of auto-enrolment (AE) is on the increase.

Respondents were split over whether the government should put in place an early warning system to urge people who were 10 years from retirement to seek advice on their pension. The idea had more supporters than critics however, and many people who rejected...

A former public sector firm ran the risk of a fine from The Pensions Regulator (TPR) because its pension and payroll were still handled by the NHS.

Half of people over the age of 55 would advise their younger selves to save more on a monthly basis for retirement if they could travel back in time, according to an insurer.

The UK pension system's score in the annual Melbourne Mercer Global Pension Index has improved but dropped two places in ranking to ninth as other countries overtook it.