DWP

Small and medium sized employers may attempt to offload auto-enrolment set-up costs onto workers via consultancy charging if they are not properly scrutinised, the Pensions Regulator chief executive Bill Galvin says.

More than a third of employees (37%) plan to opt out of auto-enrolment, while a further 28% are considering withdrawing from the scheme, research from Aviva says.

The Department for Work and Pensions has proposed changes to TUPE rules to ensure employers receiving transferred members are not forced to pay contributions higher than the auto-enrolment minimum.

The National Association of Pension Funds-backed Pension Quality Mark is to lower its cap on charges for auto-enrolment schemes from 1% to 0.75%.

Providers could save £74.6m a year by communicating all information with members online, under government proposals.

Taha Lokhandwala looks at how investment strategies could change under AE

Schemes should start preparing for GMP equalisation as it could take years to fully implement, consultants warn.

Fiduciaries need to get under the bonnet, argues Henry Tapper.

Last week pensions minister Steve Webb announced the DWP is to launch a consultation on simplifying the rules around auto-enrolment.

Small businesses do not want the added burden of choice when arranging pension provision for their employees, the Federation of Small Businesses has said.