NEST

UK - Employers will be allowed three months' grace before auto-enrolling staff into a pension scheme, the Department for Work and Pensions says.

Employers will be allowed three months' grace before auto-enrolling staff into a pension scheme, the Department for Work and Pensions says.

UK - Pensions minister Steve Webb has admitted as many as one million additional people would be excluded from automatic enrolment should be the qualifying level of earnings be raised to £7,000.

Pensions minister Steve Webb has admitted more than one million additional people would be excluded from automatic enrolment by raising the qualifying level of earnings to £7,475.

The government must be careful about how auto-enrolment feeds into the means-tested system, Society of Pension Consultants president Kevin LeGrand warns.

The spending review settlement with the Department of Work and Pensions will fund the introduction of auto-enrolment from 2012 and the establishment of the National Employment Savings Trust, the government has announced.

The Pensions Advisory Service will not be scrapped as part of the government's cost cutting plan.

It is inevitable large numbers of very small NEST pension pots will remain unclaimed by people who are auto-enrolled, Lawrence Churchill admits.

Social media sites such as Twitter and LinkedIn could prove a powerful tool in increasing member engagement.

The British Chambers of Commerce has aired concerns about auto-enrolment, claiming it places pressure upon smaller and medium sized businesses.